Score of 81.65/100 qualifies for PaymentCheck Certification
The average time taken for THE CONAIR GROUP LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in 2021 followed by an increase in 2022. However, the company has maintained a relatively consistent payment period of around 28 days.
The volatility in invoice payment for THE CONAIR GROUP LIMITED is relatively low, with the percentage of invoices paid within 30 days remaining between 62% and 80% over the past three periods. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days in 2022, indicating a potential delay in payment.
| 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 2022 - 31 Dec 2022 | 29 Aug 2023 | 24 | 67% | 30% | 3% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 16 Aug 2022 | 23 | 68% | 29% | 2% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Feb 2022 | 28 | 66% | 30% | 4% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Sept 2021 | 22 | 80% | 17% | 3% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Sept 2021 | 25 | 76% | 20% | 4% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 28 | 63% | 34% | 4% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 29 | 66% | 31% | 3% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 28 | 65% | 32% | 3% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 29 | 69% | 27% | 4% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 29 | 62% | 35% | 3% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our payment runs are twice monthly on the nearest working day to the 15th and at month end. In the absence of any other agreement with our business partners, our standard payment terms are 30 days next payment run. In practice these invoices are usually paid within 21-39 days.
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
58
Payment queries should be directed to the business partner's commercial contact or our accounts department (ukaccounts_payable@conair.com) where they will be addressed as quickly as possible.
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
The Conair Group Limited is a multinational company that specializes in the manufacturing and distribution of hair care, beauty, and grooming products. The company was founded in 1959 and is headquartered in East Windsor, New Jersey, with operations in several countries around the world.
The company's sustainability program is focused on reducing their environmental footprint and promoting sustainable practices in their operations. They have implemented measures such as energy-efficient manufacturing processes, waste reduction, and use of renewable energy sources. They also strive to use sustainable materials in their products, such as biodegradable packaging and natural ingredients.
The Conair Group Limited offers a wide range of products under various brands, including Conair, BaByliss, and Cuisinart. Their products include hair styling tools, personal grooming products, kitchen appliances, and beauty accessories. They are constantly innovating and expanding their product line to meet the evolving needs and preferences of their customers.
The key people at The Conair Group Limited include Ronald T. Diamond, the company's CEO and Chairman, and Vito Carlucci, the President and COO. They are joined by a team of experienced professionals who are dedicated to driving the company's growth and success.
For more information about The Conair Group Limited and their products, customers can visit their website at www.conair.com. The company's registered office address is 150 Milford Road, East Windsor, New Jersey, USA.