KAREN MILLEN FASHIONS LIMITED
Company Information
- Company Number
- 06822177
- Registered Address
- C/O TENEO FINANCIAL ADVISORY LIMITED, The Colmore Building 20 Colmore Circus Queensway, Birmingham, B4 6AT
- Status
- Insolvency Proceedings
- Employee Count
- 868
- Turnover
- £120,800,000
- EBITDA
- £700,000
Additional Details
- Website
- https://karenmillen.com
- Company Type
- Private limited Company
- Incorporated On
- 17 February 2009
- Nature of Business
- 47710 - Retail sale of clothing in specialised stores
- Industries
- Fashion
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Karen Millen Ltd operates to a set of standard payment terms, which are the next payment run before the end of a credit period of: 60 days for goods for re-sale and 60 for non-goods for resale Variations to these terms do exist based on agreements with certain suppliers.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
90
Dispute Resolution Process
Karen Millen Fashions policy is to pay its suppliers on time in line with agreed terms. If a dispute is raised, it is forwarded to the relevant department to be considered. Payment of invoice is held with the supplier’s knowledge until dispute is resolved. Payment is processed on the next payment run when dispute is 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.
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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
Company Summary
KAREN MILLEN FASHIONS LIMITED is a British fashion company that was founded in 1981 by Karen Millen and Kevin Stanford. The company designs and sells luxury women's clothing, shoes, and accessories. They have a strong commitment to sustainability and have implemented several initiatives to reduce their environmental impact.
Their sustainability program focuses on three main areas: responsible sourcing, responsible manufacturing, and responsible operations. They work closely with their suppliers to ensure ethical and sustainable practices are being used throughout the supply chain. They also use sustainable materials and have implemented recycling and waste reduction programs in their operations.
KAREN MILLEN FASHIONS LIMITED offers a wide range of products, including dresses, coats, skirts, tops, shoes, and accessories. They are known for their high-quality and stylish designs, and their collections are updated regularly to reflect the latest fashion trends.
The key people at KAREN MILLEN FASHIONS LIMITED include CEO Beth Butterwick and Creative Director Gemma Metheringham. They are both dedicated to driving the company's sustainability efforts and have successfully implemented several initiatives to reduce the company's carbon footprint.
The registered office address for KAREN MILLEN FASHIONS LIMITED is 3rd Floor, 9-10 Market Place, London, W1W 8AQ, United Kingdom. Their website address is www.karenmillen.com, where customers can shop their latest collections and learn more about the company's sustainability program.
In conclusion, KAREN MILLEN FASHIONS LIMITED is a well-established British fashion company with a strong commitment to sustainability. Their high-quality products, dedicated team, and sustainable practices make them a leader in the fashion industry.
