LOUNGERS UK LIMITED
Company number: 04595806
Reporting period:
21 April 2025 to 20 October 2025
Report filed on:
19 November 2025
Approved by:
Stephen Marshall
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: 50 days
Total value paid:
- within 30 days: £36,161,528 (24%)
- in 31 to 60 days: £96,428,493 (64%)
- in 61 days or more: £18,954,482 (13%)
Invoices paid:
- within 30 days: 6%
- in 31 to 60 days: 74%
- in 61 days or more: 20%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £12,017,011
- payments due in the reporting period which have not been paid within the agreed period: 2%
- not made in the reporting period due to a dispute: 21%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
The company operates to a 13 period year and unless otherwise agreed in writing, standard payment terms are the next payment run following 30 days from the end of the month in which an invoice is received (median average 45 days).
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The majority of invoices paid outside of terms relate to invoices that have been operationally disputed. Once disputes are resolved, any payments due will be made promptly and included in the next available payment run. Loungers will try to work constructively with our partners to address issues or complaints. Issues with accounts should first be addressed to the AP Manager at accounts@loungers.co, and will be escalated internally to the relevant department and contact. Response should be given within 7 days, although this may vary at busy times of the month.
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