CLARINS UK LIMITED
Company Information
- Company Number
- 01580079
- Registered Address
- 10 Cavendish Place, London, W1G 9DN
- Status
- Active
- Employee Count
- 1143.0
- Turnover
- 110734000.0
- EBITDA
- 6006000.0
Additional Details
- Website
- https://clarins.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 14 August 1981
- Nature of Business
- 46450 - Wholesale of perfume and cosmetics
- Industries
- Healthcare And Wellbeing
- Region
- London
Company Location
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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 | 23 | 92% | 6% | 2% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 22 | 88% | 10% | 2% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jul 2023 | 25 | 88% | 10% | 2% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 17 Jan 2023 | 19 | 91% | 7% | 2% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Jan 2023 | 25 | 87% | 10% | 2% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 17 Jan 2023 | 26 | 78% | 11% | 11% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 17 Jan 2023 | 98 | 65% | 25% | 10% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Sept 2020 | 26 | 73% | 24% | 3% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Sept 2020 | 19 | 79% | 20% | 1% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 22 | 82% | 15% | 3% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 25 | 75% | 21% | 4% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 30 | 69% | 25% | 6% | 1% |
Company Summary
CLARINS (U.K.) LIMITED is a cosmetics company based in the United Kingdom
They specialize in luxury skincare, makeup, and fragrance products
Founded in 1954, the company has a strong commitment to sustainability and ethical practices
The company's sustainability program, called "Responsible Beauty," focuses on four key areas: protecting biodiversity, reducing waste, promoting responsible sourcing, and supporting local communities
CLARINS (U.K.) LIMITED also has a "Green Beauty" initiative, which aims to reduce their carbon footprint and promote eco-friendly packaging
Their products are made with natural ingredients and are free from harmful chemicals
They have a range of skincare products for all skin types, including moisturizers, cleansers, and serums
Their makeup line includes foundations, lipsticks, and eyeshadows
They also offer a variety of fragrances for both men and women
The key people at CLARINS (U.K.) LIMITED include the President and CEO, Jonathan Zrihen, and the Managing Director, Lionel de Benetti
They have a dedicated team of employees who are passionate about creating high-quality, sustainable products
To contact CLARINS (U.K.) LIMITED, customers can visit their website at www.clarins.co.uk or reach out to their registered office address at 10 Cavendish Place, London, W1G 9DN, United Kingdom
The website also provides information on their sustainability efforts and product range
With a strong commitment to sustainability and a wide range of luxurious products, CLARINS (U.K.) LIMITED continues to be a leader in the cosmetics industry in the United Kingdom
Company Review
Trend Analysis
The trend for CLARINS (U.K.) LIMITED shows a consistent decrease in the average time taken to pay invoices over the past three periods. There was a significant decrease from 2018 to 2020, followed by a slight increase in 2021. However, this increase was offset by a decrease in 2022 and 2023, resulting in an overall decrease in the average time taken to pay invoices.
Volatility Analysis
The data for CLARINS (U.K.) LIMITED shows a low level of volatility, with minor fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. The most volatile metric is the percentage of invoices paid later than 60 days, which has seen some larger changes over the past three periods.
Summary Analysis
From 2018 to 2020, CLARINS (U.K.) LIMITED saw a significant improvement in their payment process, with the average time taken to pay invoices decreasing from 30 days to 26 days. This was accompanied by an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. However, in 2021, there was a slight increase in the average time to pay, with a larger percentage of invoices paid later than 60 days. This trend was reversed in 2022 and 2023, with a decrease in the average time to pay and a higher percentage of invoices paid within 30 days. Overall, there has been a consistent effort to improve payment times, with the company consistently paying invoices within their agreed terms.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
payment by bank transfer 30 days from invoice date, supplier to provide bank details
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
75
Dispute Resolution Process
Bought ledger will let the buyer know that there is a dispute. The buyer will contact the supplier to resolve the issue credit note, send additional invoice, get payment processed, etc
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
