LE CREUSET U.K. LIMITED

PaymentCheck Score 2024
89Good
0.6vs last year
#1173 in UK
#9 in Property-related Goods And Services
#192 in South East

Company Information

Company Number
00457936
Registered Address
Le Creuset House 83/84 Livingstone Road, Walworth Industrial Estate, Andover, England, SP10 5QZ
Status
Active
Employee Count
362
Turnover
£52,559,000
EBITDA
£5,591,000

Additional Details

Company Type
Private limited Company
Incorporated On
17 August 1948
Nature of Business
46499 - Wholesale of household goods (other than musical instruments) not elsewhere classified
47789 - Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
Industries
Property-related Goods And Services
Region
South East

Time to Pay

Average Time to Pay
21 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:365 days

Payment Timeline

Within 30 Days
89%
31-60 Days
9%
After 60 Days
2%
Not Paid Within Terms16%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202431 Jan 20252285%13%2%16%
01 Jan 2024 - 30 Jun 202429 Jul 20242189%9%2%16%
01 Jul 2023 - 31 Dec 202331 Jan 20242188%9%3%14%
01 Jan 2023 - 30 Jun 202331 Jul 20233188%9%3%16%
01 Jan 2022 - 30 Jun 202229 Jul 20222286%12%2%13%
01 Jan 2021 - 30 Jun 202125 Jul 20242383%14%3%20%
01 Jul 2020 - 31 Dec 202029 Jan 20212480%13%7%19%
01 Jan 2019 - 30 Jun 201926 Jul 20192189%8%3%15%

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

Unless otherwise agreed in advance with suppliers, standard payment terms are set at 30 days of receipt of a valid invoice We would however look to reduce these to a minimum of 7 days to support our smaller independent suppliers Supplier credit notes are utilised in line with their individual terms.

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

365

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 Supplier with regards to query with emphasis on resolving Disputes for Le Creuset UK suppliers can be raised by emailing Finance.uk@lecreuset.com

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

LE CREUSET U.K. LIMITED is a company that specializes in high-quality cookware and kitchen accessories. Their products are known for their durability, functionality, and vibrant colors.

The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They use responsibly-sourced materials and have reduced their carbon footprint through energy-efficient production methods. They also have a recycling program for their products.

LE CREUSET U.K. LIMITED offers a wide range of products, including cast iron cookware, stoneware, bakeware, and kitchen tools. Their products are designed to last a lifetime and are suitable for all cooking methods, including induction.

The key people at LE CREUSET U.K. LIMITED include the managing director, marketing director, and finance director. They are dedicated to providing high-quality products and excellent customer service.

Customers can contact LE CREUSET U.K. LIMITED through their website, where they can find information about their products, sustainability efforts, and recipes. Their registered office address is in Andover, Hampshire.

In summary, LE CREUSET U.K. LIMITED is a reputable company that offers sustainable and durable cookware and kitchen accessories. With their commitment to sustainability and high-quality products, they have established themselves as a leader in the industry.

Financial Metrics

Cash
£7,545,000
Net Worth
£25,208,000
Total Current Assets
£44,971,000
Total Current Liabilities
£20,033,000

Company Location