VIVIENNE WESTWOOD LIMITED

PaymentCheck Score 2020
83Good
New Entry
#1278 in UK
#37 in Creative
#577 in London

Company Information

Company Number
02682271
Registered Address
Westwood Studios, 9-15 Elcho Street, London, SW11 4AU
Status
Active
Employee Count
281
Turnover
£101,342,000
EBITDA
£40,000,000

Additional Details

Company Type
Private limited Company
Incorporated On
29 January 1992
Nature of Business
47710 - Retail sale of clothing in specialised stores
Industries
Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
Region
London

Time to Pay

Average Time to Pay
22 days
Shortest Period:1 days
Longest Period:120 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
75%
31-60 Days
12%
After 60 Days
13%
Not Paid Within Terms14%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2021-02-16
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2020 - 31 Dec 202016 Feb 20212275%12%13%14%
01 Jan 2020 - 30 Jun 202003 Aug 20202376%11%13%14%
01 Jul 2018 - 31 Dec 201826 Feb 20193471%8%21%31%

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

Unless agreed beforehand, Vivienne Westwood Ltd’s standard payment terms for the majority of our suppliers are 30 days from receipt of the invoice.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

120

Dispute Resolution Process

We encourage all suppliers to send invoices to our Accounts Payable electronic inbox where our team will aim to respond in a timely manner. Vivienne Westwood Ltd advises that all invoices should contain a purchase order number which should be given to our suppliers before works have commenced. Complaints and disputes for payment should go through the same inbox whereby claims of unpaid invoices are checked within our system to verify status. If unpaid, these will be investigated and payments will be made as soon as possible.

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

VIVIENNE WESTWOOD LIMITED is a British fashion company founded by renowned designer Vivienne Westwood. The company is based in London and has been in operation since 1984.

The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using sustainably sourced materials, reducing waste and carbon emissions, and promoting ethical and fair labor practices in their supply chain.

VIVIENNE WESTWOOD LIMITED offers a range of luxury fashion products including clothing, accessories, and footwear for both men and women. Their collections are known for their unique and daring designs, often incorporating elements of punk and British heritage.

The key people at VIVIENNE WESTWOOD LIMITED include founder Vivienne Westwood, who serves as the creative director, and Andreas Kronthaler, the current creative director. They are supported by a team of talented designers, artisans, and staff.

The company's website, www.viviennewestwood.com, showcases their latest collections and offers online shopping for customers worldwide. They also have flagship stores in London, Paris, New York, and other major cities.

The registered office address for VIVIENNE WESTWOOD LIMITED is 100-102 Kensington High Street, London, W8 4SG, United Kingdom. Customers can contact the company via email at customercare@viviennewestwood.com or by phone at +44 (0)20 7927 8099.

In summary, VIVIENNE WESTWOOD LIMITED is a renowned British fashion company known for its sustainability efforts, luxury fashion products, and unique designs. With its commitment to ethical practices and bold fashion statements, the company continues to be a leader in the fashion industry.

Financial Metrics

Cash
£40,020,744
Net Worth
£54,280,976
Total Current Assets
£71,439,962
Total Current Liabilities
£17,525,264

Company Location