CULT BEAUTY LIMITED

Company Information

Company Number
06195011
Registered Address
Icon 1 7-9 Sunbank Lane, Ringway, Altrincham, United Kingdom, WA15 0AF
Status
Active
Employee Count
98.0
Turnover
154615000.0
EBITDA
4129000.0

Additional Details

Company Type
Private limited Company
Incorporated On
30 March 2007
Nature of Business
47910 - Retail sale via mail order houses or via Internet
Industries
Healthcare And Wellbeing,Supply Chain,Manufacturing And Commerce Models
Region
North West

Company Location

Google
Map data ©2025 Google
Map data ©2025 Google

Financial Metrics

Cash
£2,093,000.00
Net Worth
£13,729,000.00
Total Current Assets
£54,394,000.00
Total Current Liabilities
£39,909,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-02-08

Time to Pay

Average Time to Pay
50 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
11%
31-60 Days
44%
After 60 Days
45%
Not Paid Within Terms84%

Payment Features

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

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022020406080

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022015304560

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202308 Feb 20245011%44%45%84%
01 Jan 2023 - 30 Jun 202317 Aug 2023672%43%55%39%
01 Jul 2022 - 31 Dec 202213 Mar 20235815%44%41%25%
01 Jan 2022 - 30 Jun 202205 Aug 20226320%34%46%22%

Company Summary

CULT BEAUTY LIMITED is a British online retailer of luxury beauty products

The company was founded in 2008 and is based in London, England

The company offers a wide range of high-end beauty products from various brands, including skincare, makeup, haircare, and fragrances

They also have their own line of branded products under the name "Cult Beauty"

In addition to their focus on providing customers with the latest and most sought-after beauty products, CULT BEAUTY LIMITED is also committed to sustainability

They have a sustainability program in place that aims to reduce their environmental impact by using recycled and eco-friendly packaging, promoting ethical and sustainable sourcing of ingredients, and supporting various charitable causes

The company is led by a team of key people, including Alexia Inge and Jessica DeLuca, who are the co-founders and joint CEOs

They are supported by a team of experts in the beauty industry, ensuring that the products offered by CULT BEAUTY LIMITED are of the highest quality

Customers can easily access the company's products and services through their website, which also provides information on their sustainability efforts and the brands they carry

Their registered office address is 6th Floor, 52-54 High Holborn, London, WC1V 6RL

In summary, CULT BEAUTY LIMITED is a well-established online retailer of luxury beauty products, with a strong focus on sustainability

They offer a wide range of high-end beauty products and are led by a team of experienced individuals in the industry

Their commitment to sustainability and charitable causes sets them apart as a socially responsible company

Company Review

Trend Analysis

The average time for CULT BEAUTY LIMITED to pay invoices has fluctuated over the past four periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has decreased in the past two periods, while the percentage of invoices paid between 31 and 60 days has increased. The most significant change has been in the percentage of invoices paid later than 60 days, which has increased from 41% to 55% in the past two periods.

Volatility Analysis

The volatility in CULT BEAUTY LIMITED's payment patterns can be seen in the significant changes in the percentage of invoices paid within 30 days and invoices paid later than 60 days. The company has also shown inconsistency in meeting agreed payment terms, with a high of 84% of invoices not being paid within terms in the most recent period.

Summary Analysis

From the data provided, it can be seen that CULT BEAUTY LIMITED's average time to pay has increased slightly from 58 days to 67 days in the past two periods. The company has also shown a decrease in the percentage of invoices paid within 30 days, from 20% to 2%, and an increase in the percentage of invoices paid later than 60 days, from 46% to 55%. This indicates a trend of delayed payments and inconsistent adherence to agreed payment terms.

Invoice Payment Practices

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

Payment Terms

Standard payment terms

Cult Beauty’s standard payment terms are: Stock: Typically 60 days from the end of the month in which a tax invoice is received. Non-stock: Typically 60 days from the end of the month in which a tax invoice is received. The Company trades with a limited number of suppliers on proforma payment terms due to legacy trading arrangements or those relationships established due to acquisition. The Company works flexibly with suppliers to ensure agreed terms are acceptable for both parties.

Were there any changes to the standard payment terms in the reporting period?

No

Any other information about payment terms

Please note, the Cult Beauty PPPR statistics are based on approx. 100 transactions only.

Maximum contractual payment period agreed

60

Dispute Resolution Process

Supplier queries and disputes are to be sent to the Accounts Payable department at the following email addresses: Stock - APSupplierServices@thehutgroup.com, Non-stock - OHinvoices@thehutgroup.com. Stock suppliers have allocated representatives who will liaise internally with the relevant buying team and/or warehouse in order to resolve the query. Non-stock suppliers’ queries and disputes are dealt with by a dedicated ‘Overheads’ team. Emails are usually responded to within two working days. If disputes cannot be resolved by the Accounts Payable department they are escalated within the business as appropriate.

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

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