LENZING FIBERS GRIMSBY LIMITED
Company number: 05709148
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
23 July 2025
Approved by:
Jemma Turrel
Payment statistics
Average time taken to pay invoices: 47 days
Total value paid:
- within 30 days: £17,581,988 (41%)
- in 31 to 60 days: £14,600,852 (34%)
- in 61 days or more: £10,669,927 (25%)
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 64%
- in 61 days or more: 12%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £19,231,544
- payments due in the reporting period which have not been paid within the agreed period: 40%
- not made in the reporting period due to a dispute: 40%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
180 days
Standard payment terms
End of month following date of invoice
Were there any changes to the standard payment terms in the reporting period?
Payment terms have changed for some inter-group invoices, extending average payment terms.
Were suppliers notified or consulted about these changes before they were made?
No notification necessary
Maximum contractual payment period agreed
180 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Finance are notified by the requester of the service/goods that there is a query, finance then contact the suppliers credit controller and notifies them of the query.
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.
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