LIZ EARLE BEAUTY CO. LIMITED
Company number: 03070395
Reporting period:
1 September 2022 to 28 February 2023
Report filed on:
31 March 2023
Approved by:
Rob Shortland
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 51%
- in 31 to 60 days: 32%
- in 61 days or more: 17%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 23%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
105 days
Standard payment terms
105 days
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
105 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The main point of contact for invoice queries is Liz Earle's Accounts Payable team, who manage the approval of invoices and follow internal processes to deal with and resolve invoice queries. Disputed invoices are dealt with by the Liz Earle Sourcing Team, who have a response time of 4 days from receiving all of the relevant information (PO number, Invoice Number & supporting documents - ie approved costs from Liz Earle).
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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