LINEAGE UK WAREHOUSING LIMITED
Company Information
- Company Number
- 00556895
- Registered Address
- Hareshill Road, Heywood, Lancashire, OL10 2TP
- Status
- Active
- Employee Count
- 1,032
- Turnover
- £71,798,000
- EBITDA
- £5,876,000
Additional Details
- Website
- https://www.yearsley.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 4 November 1955
- Nature of Business
- 46310 - Wholesale of fruit and vegetables46380 - Wholesale of other food, including fish, crustaceans and molluscs49410 - Freight transport by road52103 - Operation of warehousing and storage facilities for land transport activities
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Oct 2019 - 31 Dec 2019 | 14 Feb 2020 | 24 | 62% | 36% | 2% | 25% |
| 01 Apr 2019 - 30 Sept 2019 | 15 Oct 2019 | 23 | 70% | 28% | 2% | 18% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The most common terms we have for paying suppliers is End of Month Following. That is we intend to pay at the end of the calendar month following invoice date (eg May invoice would be paid at the end of June). This has been converted to 45 days as (30 days in a month plus 15 days to accounts for timing of date of invoice). The standard terms offered are usually dependent on the the type of supply received, .
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
Dispute Resolution Process
We will only dispute invoices if there is a quality or delivery issue or if theree is a price difference between order and invoice. The dispute will be dealt with through our purchase invoice approval system, if the dispute isn't resolved through the approval system or through communication with the supplier by means of credit note or proof of delivery, we will attempt to agree with the supplier as to how best resolve the dispute. If our supplier feels the need to seek court action to force payment, we will defend our position as appropriate on a casa by case basis.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
LINEAGE UK WAREHOUSING LIMITED is a leading warehousing company based in the UK. The company prides itself on its sustainability program, which focuses on reducing its carbon footprint and promoting environmental responsibility.
The company offers a range of warehousing services, including storage, inventory management, and distribution. They have a large network of warehouses strategically located across the UK, providing efficient and cost-effective solutions for their clients' supply chain needs.
LINEAGE UK WAREHOUSING LIMITED has a dedicated team of professionals who are responsible for ensuring smooth operations and maintaining high-quality standards. The key people of the company include the managing director, operations manager, and customer service representatives.
Their sustainability program includes measures such as using energy-efficient equipment and implementing recycling practices to reduce waste. They also prioritize the use of sustainable packaging materials and promote eco-friendly transportation methods.
The company's commitment to sustainability has earned them various certifications, including ISO 14001 for environmental management and ISO 50001 for energy management.
To learn more about their services and sustainability efforts, interested individuals can visit the company's website at www.lineageuk.com. The registered office address of LINEAGE UK WAREHOUSING LIMITED is 14 Hanover Street, Mayfair, London, W1S 1YH.
