The average time taken for A.S. WATSON (HEALTH & BEAUTY UK) LIMITED to pay invoices has been increasing over the past three periods, starting at 40 days in Dec 2017 and reaching 44 days in June 2019. The company has also shown a decrease in the percentage of invoices paid within 30 days, from 58% in Dec 2017 to 54% in June 2019.
The company has shown some volatility in its payment patterns, with the percentage of invoices paid within 30 days fluctuating between 54% and 66% over the past three periods. The percentage of invoices paid later than 60 days has also varied, reaching its highest point at 15% in June 2019.
In terms of paying invoices on time, A.S. WATSON (HEALTH & BEAUTY UK) LIMITED has shown a slight decline over the past three periods. While the average time to pay has increased, the percentage of invoices paid within 30 days has decreased. However, the company still maintains a relatively high percentage of invoices paid within 30 days (54% in June 2019). The company also has a consistent shortest (or only) standard payment period of 30 days.
| 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 |
|---|---|---|---|---|---|---|
| 30 Dec 2018 - 29 Jun 2019 | 26 Jul 2019 | 44 | 54% | 31% | 15% | 39% |
| 30 Jun 2018 - 29 Dec 2018 | 28 Jan 2019 | 42 | 66% | 21% | 13% | 29% |
| 31 Dec 2017 - 29 Jun 2018 | 27 Jul 2018 | 40 | 58% | 28% | 14% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days Net as standard as otherwise agreed
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
Purchase orders contain contact details for the relevant department. All queries are managed in accordance with our internal processes and dealt with as quickly as possible
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.
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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
A.S. Watson (Health & Beauty UK) Limited is registered as a head office entity (SIC 70100) based in London, forming part of the AS Watson Group, a Hong Kong founded international operator of health and beauty retail brands. The group's own description states it is the world's largest international health and beauty retailer, operating O+O (offline plus online) stores across multiple markets. The London office listed in the group's contact details functions as the AS Watson UK Office, supporting the wider group's operations rather than trading independently as a retailer itself. No separate consumer-facing products or services specific to this UK registered company are described in the available evidence.
Generated from the company's website and Companies House records. Sources: aswatson.com · aswatson.com