JO MALONE LIMITED
Company number: 02781161
Reporting period:
1 July 2022
to 31 December 2022
This report was filed on 26 January 2023
and approved by Amit Anand
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 26%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 12 %
Payment terms
Standard payment period for qualifying contracts
45 days
Standard payment terms
All payable transactions are made with group entities, the standard payment terms for these are 45 days from receipt of invoice. The maximum payment period entered into during the period was 45 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
Any other information about payment terms
N/A
Dispute resolution process
All payment disputes or complaints will initially be dealt with by the Accounts Payable department, they can be contacted by emailing ukpayables@estee-lauder.co.uk, complaints are usually followed up within 5 working days and escalated as appropriate.
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