LOCCITANE LIMITED
Company Information
- Company Number
- 03278335
- Registered Address
- 2nd Floor Capital House, 25 Chapel Street, London, United Kingdom, NW1 5DH
- Status
- Active
- Employee Count
- 350
- Turnover
- £59,662,000
- EBITDA
- £1,861,000
Additional Details
- Website
- https://spa.loccitane.com/
- Company Type
- Private limited Company
- Incorporated On
- 14 November 1996
- Nature of Business
- 47750 - Retail sale of cosmetic and toilet articles in specialised stores
- Industries
- Healthcare And Wellbeing
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for L'OCCITANE LIMITED to pay invoices to suppliers has fluctuated over the past three periods, with a slight decrease from 2020-2021 followed by an increase in 2022-2023. However, overall, there has been a general upward trend in the average time to pay since 2019.
Volatility Analysis
The volatility of L'OCCITANE LIMITED's payment patterns can be seen in the varying percentages of invoices paid within 30 days and later than 60 days. There were significant changes in these percentages between the periods of 2020-2021 and 2022-2023, indicating a lack of consistency in payment behavior.
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 Apr 2023 - 30 Sept 2023 | 30 Jan 2024 | 30 | 64% | 27% | 9% | 28% |
| 01 Oct 2022 - 31 Mar 2023 | 30 Jan 2024 | 36 | 62% | 25% | 13% | 33% |
| 01 Apr 2022 - 30 Sept 2022 | 30 Jan 2024 | 36 | 60% | 23% | 17% | 36% |
| 01 Oct 2021 - 31 Mar 2022 | 30 Jan 2024 | 38 | 58% | 27% | 15% | 30% |
| 01 Apr 2021 - 30 Sept 2021 | 30 Jan 2024 | 30 | 66% | 23% | 11% | 23% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 35 | 58% | 29% | 13% | 51% |
| 01 Apr 2020 - 30 Sept 2020 | 23 Oct 2020 | 31 | 56% | 33% | 11% | 61% |
| 01 Oct 2019 - 31 Mar 2020 | 15 Sept 2020 | 25 | 67% | 30% | 3% | 70% |
| 01 Apr 2019 - 30 Sept 2019 | 15 Sept 2020 | 20 | 81% | 18% | 1% | 53% |
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
Company policy on new suppliers contracts are to be 60 days from date of invoice. Our terms may vary depending on type of service for example rent, utilities, temporary labour.
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
60
Dispute Resolution Process
The account payable team handles the vendor queries by telephone and email. In turn the team will reach out to other departments or external consultants, where applicable, should further information or clarification is required. On resolution a payment can be made.
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
L'OCCITANE LIMITED is a leading beauty and skincare company that was founded in 1976 in Provence, France. The company is known for its commitment to sustainability and using natural ingredients in their products.
Their sustainability program, called "Responsible Beauty," focuses on four key areas: preserving the environment, supporting local communities, ethical sourcing, and reducing their carbon footprint. L'OCCITANE has a strict policy against animal testing and uses recyclable packaging for their products.
Their products range from skincare, haircare, and body care to fragrances and home fragrances. They are all made with natural and organic ingredients, such as shea butter, lavender, and almond oil, sourced from sustainable and fair trade partnerships.
The key people at L'OCCITANE LIMITED include the CEO, Reinold Geiger, who has been with the company since 1994, and the Chairman, Olivier Baussan, who founded the company. They are both committed to the company's mission of creating high-quality, natural products while being environmentally and socially responsible.
The company's website, uk.loccitane.com, provides customers with a wide range of products, information on their sustainability program, and a store locator to find the nearest L'OCCITANE store. Their registered office address is located in London, UK.
In summary, L'OCCITANE LIMITED is a sustainable beauty company that offers a variety of natural and organic products. With a strong commitment to ethical practices and community support, they have become a trusted brand in the beauty industry.
