| 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 2018 - 30 Jun 2018 | 30 Jul 2018 | 21 | 27% | 73% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
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
Resolution would be via discussion with Supplier/Buyer, These are very few and very quickly resolved,
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Lifetime Brands Europe Limited is a UK entity within the Lifetime Brands group, described on its site as part of the world's largest housewares provider. Its registered business is the wholesale of household goods, covering kitchenware, cookware and home accessories under brands such as KitchenCraft, MasterClass, Maxwell & Williams and Mikasa. The company previously sold direct to consumers through the Cook Serve Enjoy website, which has now closed and stopped taking orders. The entity remains listed as active at Companies House, with its role centred on distributing housewares products rather than manufacturing them, operating as part of a wider international group structure.
Generated from the company's website and Companies House records. Sources: kitchencraft.co.uk · kitchencraft.co.uk