LUSH LTD.

PaymentCheck Score 2022
52Fair
1.0vs last year
#4047 in UK
#84 in Healthcare And Wellbeing
#209 in South West

Company Information

Company Number
02940032
Registered Address
29 High Street, Poole, Dorset, BH15 1AB
Status
Active
Employee Count
293
Turnover
£70,560,000
EBITDA
-£20,246,000

Additional Details

Company Type
Private limited Company
Incorporated On
17 June 1994
Nature of Business
20420 - Manufacture of perfumes and toilet preparations
46450 - Wholesale of perfume and cosmetics
Industries
Healthcare And Wellbeing
Region
South West

Time to Pay

Average Time to Pay
42 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
44%
31-60 Days
39%
After 60 Days
16%
Not Paid Within Terms59%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-01-25
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2022 - 31 Dec 202225 Jan 20234244%39%16%59%
01 Jan 2022 - 30 Jun 202225 Jul 20224741%40%19%66%
01 Jul 2021 - 31 Dec 202128 Jan 20224243%39%18%58%
01 Jan 2021 - 30 Jun 202126 Jul 20215350%35%15%53%
01 Jul 2019 - 31 Dec 201931 Jan 20203646%42%12%67%
01 Jan 2019 - 30 Jun 201925 Jul 20193948%38%14%65%
01 Jan 2018 - 30 Jun 201831 Jul 20184358%28%14%59%

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

The most frequently used payment terms for qualifying contracts are 30 days from the date of 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

90

Dispute Resolution Process

Supplier disputes should be raised with a member of the Lush Ltd accounts team either by e-mail or telephone. Where the issue can't be resolved the dispute will be escalated to the central legal team.

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

LUSH LTD. is a British cosmetics company that specializes in natural, handmade products. The company was founded in 1995 by Mark Constantine and Liz Weir and is headquartered in Poole, England.

LUSH is well-known for their sustainability efforts, with a strong commitment to ethical sourcing, reducing waste and promoting environmentally friendly practices. They have various initiatives in place, such as using only recycled or recyclable packaging, offering packaging-free products, and supporting community projects.

Their product range includes a variety of cosmetics, including bath bombs, soaps, skincare, haircare, and makeup. All their products are made with natural ingredients, and they use minimal preservatives and no animal testing. They also have a range of vegan products.

One of the key people in LUSH LTD. is Mark Constantine, who is the co-founder and managing director of the company. He is passionate about ethical and sustainable business practices and has been instrumental in shaping LUSH's sustainability program.

Customers can purchase LUSH products in their physical stores, as well as online through their website. The website also features information on their sustainability efforts and allows customers to track the ingredients and processes used in each product.

The registered office address for LUSH LTD. is 29 High Street, Poole, Dorset, BH15 1AB, UK. Their website address is www.lush.com, where customers can find more information on their products, sustainability program, and contact details. Overall, LUSH LTD. is a leading company in the cosmetics industry, known for their natural, sustainable, and ethically sourced products.

Financial Metrics

Cash
£17,247,000
Net Worth
£51,764,000
Total Current Assets
£91,126,000
Total Current Liabilities
£80,649,000

Company Location