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Company number: 02387333

Reporting period:
1 January 2020 to 30 June 2020

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

This report was filed on 7 July 2020

and approved by Steven Breslin

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

Invoices due but not paid within agreed terms: 20 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

63 days

Standard payment terms

Lovell Partnerships Limited’s subcontract payment terms are typically 35, 49 or 63 days. Payment terms to material and other suppliers are typically 30 days or 30 days from the end of the month of the invoice date

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


Maximum contractual payment period agreed

63 days

The maximum contractual payment period for Lovell Partnerships Limited was 63 days. These terms have been agreed with individual strategic suppliers. There have been no changes to standard terms within the period

Any other information about payment terms


Dispute resolution process

Invoice queries for Lovell Partnerships Limited should be addressed to the buyer who placed the individual order as the first point of contact and the contact details are clearly stated on the Purchase order. In the event that this should not yield a solution please request the issue to be escalated to the Procurement and Sustainability Manager

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Yes – Prompt payment code

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?