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LYRECO UK LIMITED

Company number: 00442696

Reporting period:
1 July 2020 to 31 December 2020


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

This report was filed on 16 September 2021

and approved by Duane Fullwood

Payment statistics

Average time taken to pay invoices: 51 days

Invoices paid:

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 the 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 department in Finance or the invoice administrators in the replenishment department by 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