Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 83.1/100 qualifies for PaymentCheck Certification
| 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 2020 - 31 Dec 2020 | 16 Feb 2021 | 22 | 75% | 12% | 13% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 03 Aug 2020 | 23 | 76% | 11% | 13% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 28 | 73% | 10% | 17% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 26 Feb 2019 | 34 | 71% | 8% | 21% | 31% |
| 01 Jan 2018 - 30 Jun 2018 | 05 Sept 2018 | 54 | 65% | 6% | 29% | 36% |
This information is as reported by the business, and responses are in their own words.
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
N/A
Maximum contractual payment period agreed
120
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.
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
Vivienne Westwood Limited trades as Vivienne Westwood UK, operating the official online boutique for the Vivienne Westwood luxury fashion brand. It sells designer clothing, jewellery, bags, footwear, watches and accessories for women and men, described on its own site as offering "luxury garments and designer jewellery, including bold silhouettes and punk-inspired pieces". The company is registered in London and has been active since 1992, retailing clothing through specialised stores as well as online, consistent with its registered SIC classification for clothing retail. It operates under the Vivienne Westwood brand name across both digital and physical retail channels.
Generated from the company's website and Companies House records. Sources: viviennewestwood.com