ESTEE LAUDER COSMETICS LIMITED
Company Information
- Company Number
- 00659213
- Registered Address
- One Fitzroy, 6 Mortimer Street, London, W1T 3JJ
- Status
- Active
- Employee Count
- 4473.0
- Turnover
- 542267000.0
- EBITDA
- 109573000.0
Additional Details
- Website
- https://darphin.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 16 May 1960
- Nature of Business
- 46450 - Wholesale of perfume and cosmetics
- Industries
- Healthcare And Wellbeing,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 33 | 58% | 31% | 12% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 31 | 60% | 31% | 9% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 32 | 54% | 37% | 9% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 34 | 55% | 35% | 10% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 31 | 60% | 31% | 9% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 32 | 63% | 26% | 11% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 18 | 82% | 12% | 6% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 10 | 94% | 4% | 2% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 31 | 61% | 30% | 9% | 12% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 33 | 58% | 34% | 8% | 11% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 32 | 59% | 31% | 10% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 28 | 60% | 34% | 6% | 9% |
| 01 Jul 2017 - 31 Dec 2017 | 31 Jan 2018 | 27 | 62% | 33% | 5% | 7% |
Company Summary
ESTEE LAUDER COSMETICS LIMITED is a well-known cosmetics company that offers a wide range of high-quality beauty products
The company was founded in 1946 by Estée Lauder and currently has its headquarters in London, United Kingdom
The company's sustainability program focuses on reducing their environmental impact and promoting ethical practices throughout their supply chain
They have implemented initiatives such as using sustainable packaging materials, reducing water consumption, and sourcing ingredients from sustainable and fair trade sources
ESTEE LAUDER COSMETICS LIMITED offers a variety of beauty products, including skincare, makeup, fragrances, and haircare
Their popular brands include Estée Lauder, MAC, Clinique, and Bobbi Brown
They also offer a range of men's grooming products under the brand Lab Series
The key people at ESTEE LAUDER COSMETICS LIMITED include Fabrizio Freda, the President and CEO, and Jane Hertzmark Hudis, the Executive Vice President
The company has a team of dedicated employees who work towards creating innovative and high-quality products
For any inquiries or feedback, customers can contact the company through their website at www.esteelauder.co.uk or visit their registered office at 1 Fitzroy Place, London, W1T 6AZ, United Kingdom
ESTEE LAUDER COSMETICS LIMITED is committed to providing sustainable and ethical beauty products while continuously striving for innovation and excellence
Company Review
Trend Analysis
The data for ESTEE LAUDER COSMETICS LIMITED shows a general trend of the company taking longer to pay invoices over time. From 2017 to 2023, the average time to pay has increased from 27 days to 33 days. The percentage of invoices paid within 30 days has consistently decreased, while the percentage of invoices paid later than 60 days has consistently increased. The company's shortest standard payment period has remained at 30 days throughout all periods.
Volatility Analysis
The volatility of ESTEE LAUDER COSMETICS LIMITED's payment practices can be seen in the fluctuation of the percentage of invoices paid within 30 days, which ranges from 58% to 94%. The percentage of invoices paid between 31 and 60 days also shows some variation, ranging from 26% to 37%. However, the percentage of invoices paid later than 60 days has consistently remained between 9% to 16%.
Summary Analysis
Looking at the data for the past three periods (2021-2023), there have been some changes in the payment practices of ESTEE LAUDER COSMETICS LIMITED. The average time to pay has remained relatively consistent at 31-33 days. The percentage of invoices paid within 30 days has slightly decreased, from 63% to 60%. The percentage of invoices paid later than 60 days has also slightly decreased, from 11% to 9%. However, the percentage of invoices not paid within agreed terms has increased from 12% to 16%. The company's shortest standard payment period has remained at 30 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard payment terms are 60 days from date of the invoice, the full terms and conditions are available on https://supplierportal.elcompanies.com/irj/portal/anonymous. This applies to all suppliers excluding those that are paid on direct debit (e.g. rent, rates etc).
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 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?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available