| 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 72 | 17% | 16% | 67% | 10% |
| 01 Jan 2025 - 30 Jun 2025 | 23 Jul 2025 | 80 | 10% | 10% | 80% | 6% |
| 01 Jul 2024 - 31 Dec 2024 | 03 Feb 2025 | 74 | 18% | 12% | 70% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 01 Aug 2024 | 73 | 17% | 13% | 70% | 11% |
| 01 Jul 2023 - 31 Dec 2023 | 13 Feb 2024 | 67 | 20% | 18% | 62% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 09 Aug 2023 | 67 | 20% | 18% | 62% | 11% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 71 | 20% | 14% | 66% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 65 | 24% | 16% | 60% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 75 | 16% | 15% | 70% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 08 Jul 2021 | 70 | 25% | 16% | 59% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 85 | 18% | 14% | 68% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 84 | 20% | 17% | 63% | 35% |
| 01 Jul 2019 - 31 Dec 2019 | 17 Jan 2020 | 73 | 19% | 16% | 65% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Aug 2019 | 70 | 24% | 17% | 59% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jun 2019 | 93 | 12% | 14% | 74% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 94 | 11% | 12% | 77% | 11% |
| 01 Jul 2017 - 31 Dec 2017 | 18 Jun 2018 | 93 | 10% | 15% | 75% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
For 3rd party suppliers the standard payment terms are 120 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
210
All invoices are sent to the Accounts Payable Team operated by a Shared Service Center, where they are recorded in the Accounts Payable Ledger. The Accounts Payable team is contactable by phone and by email. Vendors with invoice queries need to contact the Accounts Payable team in the first instance and they will work to resolve the query. If the Accounts Payable team are not able to resolve or if it is not clear from the system why the invoice has not been approved for payment, the Accounts Payable team will reach out to the invoice contact or Purchase Order Originator for assistance. If resolution is still not possible then the standard process is to be followed per the UK Terms & Conditions (for Goods and Services). Coty has also launched its e-invoicing facility Tradeshift allowing vendors to directly match invoices against PO’s. This allows for early identification of potential issues with an invoice that the vendor can address at the point of submission rather than having to wait for the Shared Service Center to inform them had the invoice been submitted by email. The full implementation of Tradeshift across all Coty UK suppliers is in progress.
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
COTY MANUFACTURING UK LIMITED is a leading manufacturer of beauty and personal care products based in the United Kingdom. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes reducing carbon emissions, promoting sustainable sourcing of ingredients, and promoting the use of recyclable packaging. They also have a strong focus on social responsibility and have various initiatives in place to support local communities.
The company offers a wide range of products including cosmetics, fragrances, and skincare products. These products are sold under popular brands such as Rimmel, Max Factor, and OPI.
The key people at COTY MANUFACTURING UK LIMITED include the CEO, Pierre Laubies, who has over 30 years of experience in the beauty industry, and the Executive Vice President of Global Operations, Richard Jones.
The company's registered office address is located at 1 New Oxford Street, London, WC1A 1NU, United Kingdom. Their website, www.coty.com, provides more information about their products, sustainability efforts, and contact information.
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