HOTEL CHOCOLAT LIMITED
Company Information
- Company Number
- 02805730
- Employee Count
- 962
- Turnover
- £80,708,000
- EBITDA
- -£6,510,000
Additional Details
- Industries
- Lifestyle And Entertainment
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 |
|---|---|---|---|---|---|---|
| 26 Dec 2022 - 02 Jul 2023 | 27 Jul 2023 | 52 | 27% | 45% | 28% | 55% |
| 27 Jun 2022 - 25 Dec 2022 | 17 Jan 2023 | 37 | 47% | 40% | 13% | 39% |
| 27 Dec 2021 - 26 Jun 2022 | 22 Jul 2022 | 33 | 56% | 32% | 12% | 29% |
| 28 Dec 2020 - 27 Jun 2021 | 05 Aug 2021 | 38 | 48% | 38% | 14% | 28% |
| 31 Dec 2018 - 30 Jun 2019 | 11 Jul 2019 | 37 | 45% | 45% | 10% | 26% |
| 02 Jul 2018 - 30 Dec 2018 | 28 Jan 2019 | 35 | 50% | 40% | 10% | 26% |
| 01 Jul 2017 - 31 Dec 2017 | 11 Jan 2018 | 28 | 55% | 33% | 12% | 40% |
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
Standard payment terms are 60 days from invoice date. Payment runs are performed every two weeks and include all invoices which match an authorised and receipted Purchase order and are either due or will fall due within the week following
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
During the reporting period a company restructure impacted the purchase ledger team which resulted in delays to invoice processing and payment. New ways of working and new team members are now in place to ensure more prompt payment going forwards
Maximum contractual payment period agreed
90
Dispute Resolution Process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. The main point of contact for disputes is Accounts Payable team. To resolve a dispute, the supplier is required to provide any missing information, corrected invoice or credit note.
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.
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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?
❌
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
Hotel Chocolat Limited is a British luxury chocolate company that was founded in 1993 by Angus Thirlwell and Peter Harris. The company is known for its high-quality, ethically sourced chocolates and its commitment to sustainability.
As part of its sustainability program, Hotel Chocolat has implemented several initiatives, including using sustainable cocoa farming practices, reducing packaging waste, and supporting local communities in cocoa-growing regions. They also have a "Bean-to-Bar" program, which allows customers to trace the journey of their chocolate from the cocoa farm to the store shelf.
In addition to their commitment to sustainability, Hotel Chocolat offers a wide range of products and services. Their signature product is their luxury chocolates, which are made from high-quality cocoa beans and natural ingredients. They also offer a variety of gift options, including hampers and subscription services. In recent years, the company has expanded its offerings to include a range of skincare products made with cocoa-based ingredients.
The key people at Hotel Chocolat Limited include co-founders Angus Thirlwell and Peter Harris, who serve as CEO and Chairman, respectively. The company also has a team of experienced chocolatiers and cocoa farmers who are passionate about creating and sourcing the best chocolates.
For more information on Hotel Chocolat Limited and their products and services, you can visit their website at www.hotelchocolat.com. Their registered office address is Mint House, Newark Close, Royston, SG8 5HL, United Kingdom.
