CHANEL LIMITED
Company Information
- Company Number
- 00203669
- Registered Address
- 5 Barlow Place, London, W1J 6DG
- Status
- Active
- Employee Count
- 30,290
- Turnover
- £14,233,000,000
- EBITDA
- £5,112,000,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 February 1925
- Nature of Business
- 46420 - Wholesale of clothing and footwear46450 - Wholesale of perfume and cosmetics46480 - Wholesale of watches and jewellery47710 - Retail sale of clothing in specialised stores
- Industries
- Creative,Media And Publishing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for CHANEL LIMITED has been increasing gradually from 2018 to 2023, with a slight dip in 2020. The percentage of invoices paid within 30 days has been decreasing over the years, while the percentage of invoices paid later than 60 days has been increasing. The company has also shown volatility in their payment behavior, with fluctuations in the percentages of invoices paid within 30 days and later than 60 days.
Volatility Analysis
CHANEL LIMITED has shown volatility in their payment behavior, with fluctuations in the percentages of invoices paid within 30 days and later than 60 days. The highest volatility was seen in the percentage of invoices paid later than 60 days, with a difference of 22 percentage points between the best and worst periods.
Summary Analysis
From 2018 to 2023, CHANEL LIMITED has seen a gradual increase in their average time to pay invoices. The company has also shown a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. However, there has been a slight improvement in the last period, with an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. The company's best period was seen in 2018, with 82% of invoices paid within 30 days, while their worst period was in 2022, with only 24% of invoices paid within 30 days.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2023 - 30 Jun 2023 | 12 Sept 2023 | 37 | 40% | 42% | 17% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Apr 2023 | 40 | 34% | 45% | 21% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 46 | 24% | 49% | 27% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 44 | 28% | 49% | 23% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 47 | 22% | 52% | 26% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 34 | 48% | 43% | 9% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 46 | 26% | 45% | 29% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 47 | 24% | 46% | 31% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 46 | 27% | 44% | 30% | 37% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 40 | 40% | 34% | 26% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Dec 2018 | 19 | 82% | 14% | 4% | 21% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard terms are between 7 and 60 days from receipt of Invoice
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
All payment disputes or complaints will be initially dealt with by the Accounts Payable department, who can be contacted by emailing purchase.ledger @chanel.co.uk Complaints are usually followed up within 5 working days and are escalated as appropriate.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
✅
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
CHANEL LIMITED is a luxury fashion and beauty company that was founded in 1909 by Gabrielle "Coco" Chanel. The company is known for its iconic fashion designs, including the little black dress and the iconic Chanel suit.
CHANEL LIMITED offers a wide range of products and services, including high-end clothing, accessories, fragrances, makeup, and skincare. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact, such as using sustainable materials and implementing eco-friendly practices in its production processes.
The key people at CHANEL LIMITED include Alain Wertheimer and Gérard Wertheimer, who are the Co-Owners and Managing Directors of the company. The Creative Director is Virginie Viard, who took over the role from the late Karl Lagerfeld.
To contact CHANEL LIMITED, individuals can visit their website at www.chanel.com or reach out to their registered office address at 19-21 Grosvenor Street, London, W1K 4QJ. The company also has a customer service hotline for any inquiries or concerns.
In addition to its luxury products and commitment to sustainability, CHANEL LIMITED is also known for its philanthropic efforts. The company has supported various charitable organizations and initiatives, including the Chanel Foundation, which focuses on women's empowerment and access to education. Overall, CHANEL LIMITED is a renowned fashion and beauty brand that continues to uphold its reputation for excellence and innovation.
