LIFETIME BRANDS EUROPE LIMITED

Company Information

Company Number
03411690
Registered Address
The Hub, Nobel Way, Birmingham, England, B6 7EU
Status
Active
Employee Count
243
Turnover
£44,617,000
EBITDA
-£18,189,000

Additional Details

Company Type
Private limited Company
Incorporated On
30 July 1997
Nature of Business
46499 - Wholesale of household goods (other than musical instruments) not elsewhere classified
Industries
Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
Region
West Midlands

Time to Pay

Average Time to Pay
21 days
Shortest Period:1 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
27%
31-60 Days
73%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

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

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

As standard we pay most Suppliers in the UK on a Net Monthly Basis, or 30 Days End of Month. Our Overseas Suppliers are paid in advance or next day.

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

60

Dispute Resolution Process

Resolution would be via discussion with Supplier/Buyer, These are very few and very quickly resolved,

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

Lifetime Brands Europe Limited is a leading consumer goods company that specializes in designing, sourcing, and marketing kitchenware, tabletop, and home décor products. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.

Their sustainability program includes using eco-friendly materials in their products, reducing packaging waste, and promoting responsible sourcing practices. They also have a strong focus on ethical manufacturing and have partnered with various organizations to ensure fair labor practices in their supply chain.

Lifetime Brands Europe Limited offers a wide range of high-quality products under their well-known brands such as Kitchen Craft, MasterClass, and La Cafetière. Their products are designed with both functionality and style in mind, catering to the modern consumer's needs.

The company is led by a team of experienced professionals, including the Managing Director, Sales Director, and Marketing Director. They are dedicated to driving the company's growth and maintaining its strong reputation in the industry.

To get in touch with Lifetime Brands Europe Limited, one can visit their website at www.lifetimebrands.com or contact their registered office at 2 King Edward Street, London EC1A 1HQ. With their focus on sustainability and commitment to providing high-quality products, Lifetime Brands Europe Limited continues to be a trusted choice for consumers in the UK and beyond.

Financial Metrics

Cash
£469,203
Net Worth
-£15,005,200
Total Current Assets
£49,358,596
Total Current Liabilities
£64,367,796

Company Location