THE BODY SHOP INTERNATIONAL LIMITED
Company Information
- Company Number
- 01284170
- Registered Address
- C/O Frp Advisory Trading Limited 2nd Floor, 110 Cannon Street, London, EC4N 6EU
- Status
- In Administration
- Employee Count
- 2,568
- Turnover
- £408,000,000
- EBITDA
- -£34,000,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 November 1976
- Nature of Business
- 46450 - Wholesale of perfume and cosmetics47750 - Retail sale of cosmetic and toilet articles in specialised stores
- Industries
- Healthcare And Wellbeing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for THE BODY SHOP INTERNATIONAL LIMITED shows a consistent decrease in the average time taken to pay invoices over the past five periods. Additionally, there has been an improvement in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days.
Volatility Analysis
The volatility for THE BODY SHOP INTERNATIONAL LIMITED is relatively low, with only small variations in the average time taken to pay invoices and the percentage of invoices paid within different time frames.
Summary Analysis
From 2018 to 2023, THE BODY SHOP INTERNATIONAL LIMITED has shown a steady improvement in their payment practices, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. The best period for the company was in 2022, where 96% of invoices were paid within 30 days and only 1% were paid later than 60 days. However, in 2021, there was a slight increase in the percentage of invoices paid later than 60 days, which should be monitored and addressed to maintain the positive trend.
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 | 30 Jan 2024 | 10 | 94% | 4% | 2% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 11 Aug 2023 | 8 | 94% | 4% | 2% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 9 | 96% | 3% | 1% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 46 | 48% | 33% | 19% | 48% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 20 | 78% | 15% | 7% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 16 | 84% | 11% | 5% | 38% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 13 | 88% | 8% | 4% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 24 | 74% | 16% | 10% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 30 | 65% | 24% | 11% | 23% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 33 | 58% | 31% | 11% | 43% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 29 | 61% | 30% | 9% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 41 | 50% | 37% | 13% | 39% |
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
The Body Shop International Limited works to a standard set of payment terms, which are 45 days from end of month after the invoice is received for non-stock vendors and 60 days from invoice for stock vendors. Variations to standard terms exist based on agreements with suppliers, including payments for rent and utilities. The Body Shop at Home Consultants are paid within 4 to 7 days in accordance with “The Body Shop at Home Independent Consultant Agreement”.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
During the first half of 2022, The Body Shop International Limited renegotiated the standard payment terms with non-stock vendors and starting in July 2022, the standard payment terms were increased from 30 to 45 days end of month (unchanged for stock vendors). In addition, due to a new process implemented in June 2022, the frequency of payments to The Body Shop at Home Consultants increased significantly, which had a positive impact on the payment statistics.
Maximum contractual payment period agreed
90
Dispute Resolution Process
The Body Shop International Limited ordinarily engages with suppliers under our General Terms of Purchase or other standardized supply agreements. Initially, supplier disputes should be raised with The Body Shop’s Accounts Payable team via email, who will endeavour to resolve the dispute with the supplier. Where the issue cannot be resolved, the issue will be referred to The Body Shop employee with whom the supplier has engaged for the goods or services, or directly with our International Sourcing team as appropriate. The Body Shop at Home Consultants can raise a dispute directly on The Body Shop at Home Consultant’s portal, which will be resolved directly by The Body Shop at Home team.
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
The Body Shop International Limited is a British cosmetics and skincare company that was founded in 1976 by Anita Roddick. The company is known for its ethical and sustainable approach to business, with a strong focus on promoting natural, cruelty-free and environmentally friendly products.
The company's sustainability program, known as "Enrich Not Exploit", aims to reduce its environmental impact, promote fair trade and empower communities. As part of this program, The Body Shop sources its ingredients from sustainable and community trade sources, uses recyclable packaging, and supports various social and environmental causes through its campaigns and partnerships.
The company offers a wide range of products including skincare, makeup, haircare, fragrances, and body care. All of their products are made from natural and ethically sourced ingredients, and are not tested on animals. The Body Shop also has a recycling program, allowing customers to return their empty product containers for recycling.
The key people involved in The Body Shop International Limited include CEO David Boynton and Global Brand Director, Lionel Thoreau. The company's registered office address is at New City Court, 20 St Thomas Street, London, SE1 9RG, United Kingdom.
The Body Shop has a strong online presence, with their website (www.thebodyshop.com) offering easy access to their products and information about their sustainability efforts. The company also has over 3,000 stores in over 60 countries, making it easily accessible to customers worldwide.
In conclusion, The Body Shop International Limited is a socially and environmentally responsible company that offers a wide range of ethical and sustainable products. With its focus on promoting natural beauty and empowering communities, the company continues to be a leader in the cosmetics industry.
