Published reports

LYRECO UK LIMITED

Company number: 00442696

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

Reporting period:

1 July 2024 to 31 December 2024

Report filed on:

11 February 2025

Approved by:

Duane Fullwood

Payment statistics

Average time taken to pay invoices: 39 days

Invoices paid:

  • within 30 days: 36%
  • in 31 to 60 days: 50%
  • in 61 days or more: 14%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 1%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

130 days

Standard payment terms

OUR STANDARD PAYMENT TERMS FOR SUPPLIERS IS EITHER 30 DAYS FOR OVERHEAD INVOICES (EG RENT/PHONES) OR 30 DAYS END OF MONTH AND PAID ON TRHE FOLLOWING 10TH (MIN 41 DAYS / MAX 71 DAYS)

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

145 days

DUE TO LEAD AND DELIVERY TIMES WE HAVE SOME SUPPLIERS ON 130 DAY CONTRACTS, THESE ARE ORGANISED ON A GROUP LEVEL BY OUR PARENT COMPANY IN FRANCE

Any other information about payment terms

No further comment provided

Dispute resolution process

ANY QUERIES FROM THE INVOICES ARE DEALT WITH BY MONTHLY MEETINGS TO DISCUSS PRICING OR QUANTITY ISSUES, WE WILL THEN COMMUNICATE WITH THE SUPPLIER AND AGREE ON A METHOD TO FIX

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