GOV.UK
LYRECO UK LIMITED
Company number: 00442696
Reporting period:
1 July 2019
to 31 December 2019
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 30 July 2020
and approved by Duane Fullwood
Payment statistics
Average time taken to pay invoices: 57 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 42%
- in 61 days or more: 38%
Invoices due but not paid within agreed terms: 1 %
Payment terms
Shortest standard payment period
55 days
Longest standard payment period
130 days
Standard payment terms
30 days end of month, paid on the following months 10th payment run
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
145 days
Any other information about payment terms
N/A
Dispute resolution process
Any disputes or complaints can be raised with the Accounts Payable or Replen department by either telephone or email. The company will make every effort to resolve disputes or complaints as quickly as possible.
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.No
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.
Yes
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.
Yes
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