DIESEL LONDON LIMITED
Company Information
- Company Number
- 03005257
- Registered Address
- First Floor 4-26 Britannia Street, London, England, WC1X 9JD
- Status
- Active
- Employee Count
- 201
- Turnover
- £20,108,000
- EBITDA
- £5,055,000
Additional Details
- Website
- https://diesel.com/
- Company Type
- Private limited Company
- Incorporated On
- 23 December 1994
- Nature of Business
- 46420 - Wholesale of clothing and footwear47710 - Retail sale of clothing in specialised stores47721 - Retail sale of footwear in specialised stores
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for DIESEL (LONDON) LIMITED shows a consistent decrease in the average time taken to pay invoices from 2018 to 2020. However, there was a significant increase in the average time taken to pay invoices in 2021 and 2022. This trend could potentially indicate financial difficulties for the company during these periods.
Volatility Analysis
The data also shows a high level of volatility in the percentage of invoices paid within 30 days, with a range of 39% to 82% over the years. The percentage of invoices paid later than 60 days also fluctuates significantly, with a range of 4% to 76%. This volatility suggests inconsistencies in the company's payment practices.
Summary Analysis
Looking at the data for the past three periods (2020-2022), we can see that there was a decrease in the average time taken to pay invoices in 2020. However, there was a sharp increase in 2021 and 2022, with the average time taken to pay invoices reaching 91 days in the first half of 2022. This is a significant increase from the previous period (2020) where the average time taken to pay invoices was 52 days.
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 Jan 2023 - 30 Jun 2023 | 20 Jul 2023 | 98 | 8% | 1% | 91% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 91 | 5% | 19% | 76% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 10 Mar 2022 | 79 | 12% | 22% | 66% | 27% |
| 01 Jul 2020 - 31 Dec 2020 | 10 Feb 2021 | 75 | 69% | 21% | 10% | 68% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Aug 2020 | 52 | 39% | 37% | 24% | 71% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 54 | 82% | 14% | 4% | 61% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 49 | 55% | 17% | 28% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 50 | 48% | 24% | 28% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 51 | 48% | 22% | 30% | 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 is to request a minimum payment period of 30 days from trade suppliers, however if the supplier does not agree to those terms, we can arrange for alternative payment terms. Payment of each invoice is due to be made in accordance with the terms either by BACS transfer or if agreed with the supplier direct debit or cheque. Intercompany invoices have 90 days 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
Suppliers will contact the accounts payable department via telephone or email. All matters are dealt with by the accounts payable department on a case by case basis, and where it is agreed that a supplier payment needs to be expedited a mutually acceptable approach to doing so will be agreed. We are fortunate to have good relationships with our suppliers.
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
DIESEL (LONDON) LIMITED is a fashion company based in London, United Kingdom. The company was founded in 1978 and offers a wide range of clothing, footwear, and accessories for men and women.
Sustainability Program: DIESEL (LONDON) LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a sustainability program called "For Responsible Living" which focuses on reducing carbon emissions, using sustainable materials, and promoting ethical and fair labor practices in their supply chain.
Products and Services: The company offers a diverse range of products including jeans, jackets, t-shirts, footwear, and accessories. They also have a line of sustainable products made from organic and recycled materials. DIESEL (LONDON) LIMITED also provides customization services for their products.
Key People: The company is led by CEO Massimo Piombini and Creative Director Glenn Martens. They have a team of designers, stylists, and marketers who work together to create innovative and trendy fashion pieces.
Contact Information: The company's website is www.diesel.com, where customers can browse and purchase their products online. Their registered office address is 5 Hanover Square, London, W1S 1HQ, United Kingdom.
In conclusion, DIESEL (LONDON) LIMITED is a well-known fashion brand in the UK, known for its trendy and sustainable products. With a strong commitment to sustainability and a team of talented individuals, the company continues to thrive in the fashion industry.
