LEXON (UK) LIMITED
Company number: 03076698
Reporting period:
1 November 2017 to 30 April 2018
Report filed on:
8 November 2018
Approved by:
PRITESH SONPAL
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 22%
- in 31 to 60 days: 72%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 25%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
95 days
Standard payment terms
We Have various terms with suppliers as follows :
7D - 7 Days
15D - 15 Days
20D - 20 Days
20DM - 20 Days following the month end
30D - 30 Days
30DM - 30 Days following the month end
30DM+6 - 36 Days Following Month end
60D - 60 Days
60DM - 60 Days following the month end
65DM - 65 Days following the month end
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
There were 6 Transactions in the relevant period that have been paid under the 95 Day Terms.
Any other information about payment terms
No further comment provided
Dispute resolution process
Majority of disputes are owing to short deliveries or stock conditions. These are normally resolved through the purchase order process, and through the buying team. Other disputes and normally resolved by telephone or email correspondence through the accounts department.
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