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LE CREUSET U.K. LIMITED

Company number: 00457936

Reporting period:
1 January 2018 to 30 June 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 30 July 2018

and approved by A N Ryder

Payment statistics

Average time taken to pay invoices: 16 days

Invoices paid:

• within 30 days: 89%
• in 31 to 60 days: 10%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 17 %

Payment terms

Standard payment period for qualifying contracts

0 days

Standard payment terms

We do not set standard payment terms. We try to adhere to terms set by our suppliers. Most of the terms are 30 days. We have some small suppliers where we agree immediate, 7, or 14 day payments to help support those suppliers and their cash flows.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

365 days

We have some suppliers who bill annually and take payments via direct debit such as councils, business rates and car leases

Any other information about payment terms

N/A

Dispute resolution process

Every Case is considered on an individual basis. Evidence is collected from both parties to support/query the charge
Communication is upheld with the supplier with regards to the query with an emphasis on resolving the query

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

Does this business offer e-invoicing in relation to qualifying contracts? This is where suppliers can electronically submit and track invoices. It’s not just allowing suppliers to email them an invoice.

No

Does this business offer supply chain finance? This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

No

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No