LEO LABORATORIES LIMITED
Company number: 00662129
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
9 July 2026
Approved by:
Matthew Ferriday
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: 39 days
Total value paid:
- within 30 days: £3,043,927 (50%)
- in 31 to 60 days: £1,796,435 (29%)
- in 61 days or more: £1,276,759 (21%)
Invoices paid:
- within 30 days: 51%
- in 31 to 60 days: 20%
- in 61 days or more: 29%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £1,582,230
- payments due in the reporting period which have not been paid within the agreed period: 23%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
95 days
Standard payment terms
The company has several payment terms depending on the
agreed contract. Immediate Payment without deduction, Current Month + 30 Days, Current
Month + 45 Days, Current Month + 60 Days, Current Month + 65 Days, Invoice Date + 7 Days,
Invoice Date + 14 Days, Invoice Date + 30 Days, Invoice Date + 45 Days, Invoice Date + 60 Days
and Invoice Date + 65 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
95 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Suppliers can send enquiries and reminders by email
to company's centralized AP team who will review the outstanding documents. Most issues are due to missing purchase order numbers and can be easily resolved.
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