NEALS YARD NATURAL REMEDIES LIMITED
Company Information
- Company Number
- 01597194
- Registered Address
- 15 Neal's Yard, Covent Garden, London, WC2H 9DP
- Status
- Active
- Employee Count
- 420
- Turnover
- £36,314,000
- EBITDA
- -£2,927,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 11 November 1981
- Nature of Business
- 20420 - Manufacture of perfumes and toilet preparations32990 - Other manufacturing not elsewhere classified46450 - Wholesale of perfume and cosmetics47750 - Retail sale of cosmetic and toilet articles in specialised stores
- Industries
- Healthcare And Wellbeing,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
Natural Remedies) Limited has shown a consistent trend of paying invoices within their agreed terms. From 2018 to 2023, there has been a slight increase in the average time to pay, but the percentage of invoices paid within 30 days has remained relatively stable. The percentage of invoices paid between 31-60 days has also remained consistent, while the percentage of invoices paid later than 60 days has fluctuated slightly.
Volatility Analysis
The data for NEAL'S YARD (NATURAL REMEDIES) LIMITED shows a low volatility in terms of their payment practices. The average time to pay, percentage of invoices paid within 30 days, and percentage of invoices paid between 31-60 days have all remained relatively stable over the past three periods. The only noticeable change is in the percentage of invoices paid later than 60 days, which has fluctuated between 5-10%.
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 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 41 | 32% | 51% | 18% | 93% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 35 | 35% | 55% | 10% | 89% |
| 01 Apr 2022 - 30 Sept 2022 | 10 Nov 2022 | 34 | 38% | 54% | 8% | 85% |
| 01 Oct 2021 - 31 Mar 2022 | 25 Apr 2022 | 36 | 36% | 59% | 6% | 71% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 38 | 32% | 58% | 10% | 2% |
| 01 Apr 2021 - 01 Sept 2021 | 25 Apr 2022 | |||||
| 01 Oct 2020 - 31 Mar 2021 | 07 Jun 2021 | 34 | 33% | 57% | 10% | 77% |
| 01 Apr 2020 - 30 Sept 2020 | 20 Nov 2020 | 36 | 34% | 57% | 9% | 74% |
| 01 Oct 2019 - 29 Mar 2020 | 27 Apr 2020 | 34 | 37% | 55% | 8% | 87% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 32 | 38% | 57% | 5% | 76% |
| 02 Oct 2018 - 31 Mar 2019 | 25 Apr 2019 | 31 | 44% | 48% | 8% | 69% |
| 02 Apr 2018 - 01 Oct 2018 | 26 Oct 2018 | 31 | 42% | 53% | 5% | 68% |
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
Most suppliers are on 30day terms
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
90
Dispute Resolution Process
Business process for resolving disputes relating to supplier payments. - Should Accounts Payable not be able to process a supplier invoice due to a price, quantity or other query, the Procurement team are notified with the query. - Procurement check all documentation and contact the supplier to notify them of the discrepancy on the invoice. They may request a credit note or further delivery of goods to be made - Most queries relate to short deliveries or price discrepancies against the original order which the Procurement team are best suited to handle as they raise the P.O.'s and have an established vendor relationship. - Once a resolution is agreed, Procurement notify Accounts Payable and the invoice will then be processed and payment made. - Should the negotiation of the resolution to the query prove unsuccessful the Company will write a letter of complaint, including all details of the problem and enclosing copies of relevant documentation, giving the supplier a reasonable amount of time to respond. The letter is sent by registered delivery. - If necessary, the Company will contact the relevant Industry Associations, who may be able to recommend ways to resolve the problem. - If the dispute is still not resolved, the Company will contact a Dispute Resolution Body in preference to solicitors.
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
NEAL'S YARD (NATURAL REMEDIES) LIMITED is a UK-based company that specializes in natural and organic health and beauty products. The company was founded in 1981 in London's Covent Garden and has since expanded to over 20 countries.
The company's sustainability program is a key aspect of their business, as they are committed to protecting the environment and promoting ethical and sustainable practices. They use ethically sourced and organic ingredients in their products and have implemented various sustainability initiatives such as reducing their carbon footprint and using eco-friendly packaging materials.
NEAL'S YARD offers a wide range of natural remedies and beauty products, including skincare, hair care, aromatherapy, and herbal remedies. Their products are made with high-quality organic ingredients and are free from harmful chemicals, making them suitable for all skin types.
The key people behind NEAL'S YARD include founder and director Romy Fraser, CEO Jonathan Lloyd, and head of product development Susan Curtis. They have a team of experienced herbalists, aromatherapists, and skin experts who ensure the quality and effectiveness of their products.
For those interested in purchasing NEAL'S YARD products, they can be found in their flagship store in Covent Garden, as well as in various retailers and online through their website. Their registered office address is located at Peacemarsh, Gillingham, Dorset, SP8 4EU.
In conclusion, NEAL'S YARD (NATURAL REMEDIES) LIMITED is a sustainable and ethical company that offers a wide range of natural and organic health and beauty products. With their commitment to the environment and high-quality products, they have become a trusted brand in the UK and beyond.
