DAVID LLOYD LEISURE LIMITED
Company number: 01516226
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
13 January 2025
Approved by:
Patrick Burrows
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 81%
- in 31 to 60 days: 15%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 11%
Payment terms
Shortest standard payment periods
5 days
Longest standard payment period
50 days
Standard payment terms
David Lloyd Leisure Limited (“DLL”) typically pays all its suppliers within 30 days. DLL makes weekly payment runs to clear supplier bank accounts each Friday. The payment run parameters are set to select all undisputed invoices that are due for payment one week following the Friday clearing date based on the supplier payment terms held within the supplier master record. Variations to these standard payment terms are by exception only: • F&B Partner- all undisputed invoices received in the month are paid by no later than the 16th of the following month. • Self-employed professionals – all undisputed invoices relating to previous month’s activity are paid weekly upon receipt. • Landlords – all rental invoices are paid as contractually agreed.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Any disputes between DLL and its suppliers are resolved by negotiation and are typically managed by the club general managers and club administrators. If disputes cannot be resolved in the first instance they are escalated to the Head of Procurement who shall use reasonable endeavours to resolve the dispute as soon 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, 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.
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.
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