LS CARDINAL LIMITED
Company number: 07409594
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
31 October 2025
Approved by:
Elizabeth Gillbe on behalf of LS Director Limited
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 45 days
Total value paid:
- within 30 days: £14,659,604 (68%)
- in 31 to 60 days: £6,115,831 (28%)
- in 61 days or more: £908,935 (4%)
Invoices paid:
- within 30 days: 52%
- in 31 to 60 days: 30%
- in 61 days or more: 18%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £7,024,767
- payments due in the reporting period which have not been paid within the agreed period: 48%
Payment terms
Shortest standard payment periods
10 days
Longest standard payment period
30 days
Standard payment terms
Invoices for Goods and/or Services provided under the Contract shall be payable by the Buyer within 30 days of receiving a valid invoice, or if later, within 30 days of the Buyer’s acceptance of the relevant Goods or Services. Alternative payment terms may be agreed in writing between the Buyer and the Seller from time to time.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
In early 2025 we issued communications to our suppliers that we had experienced some teething issues around our PO and payment processes, following the implementation of a new finance system, and that this had resulted in a delay in payments to some of our suppliers. This has impacted our supplier payment practices data for this period.
Dispute resolution process
We are committed to resolving any disagreements in a constructive and respectful manner. If you encounter an issue, please raise it with your usual Landsec contact, who will escalate it through their line manager as appropriate. Should you wish to submit a formal complaint, please do so in writing to: Alex Peeke Head of Legal & Property Records Land Securities Group PLC 100 Victoria Street London SW1E 5JL Our complaint handling process is as follows: - We aim to acknowledge receipt of your complaint within 5 working days. - A full response will be provided within 20 working days of initial receipt. - In exceptional cases where further investigation is required, we will inform you within the 20-day period and aim to respond within 30 working days of receipt.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No