LRC PRODUCTS LIMITED
Company Information
- Company Number
- 00698371
- Registered Address
- 103-105 Bath Road, Slough, Berkshire, SL1 3UH
- Status
- Active
- Employee Count
- 0
- Turnover
- £73,780,000
- EBITDA
- £11,582,000
Additional Details
- Website
- https://lrctraining.org.uk
- Company Type
- Private limited Company
- Incorporated On
- 14 July 1961
- Nature of Business
- 21100 - Manufacture of basic pharmaceutical products
- Industries
- Life Sciences And Medical Technology
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 105 | 15% | 2% | 83% | 20% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 100 | 15% | 2% | 83% | 10% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 102 | 14% | 3% | 83% | 40% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 101 | 14% | 3% | 83% | 61% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 110 | 11% | 2% | 87% | 48% |
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
Reckitt’s standard payment terms are that payment is made on the first working day after the end of the month in which falls the ninetieth (90) day after the date of the relevant invoice. We do have suppliers on payment terms which are different to the standard.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The company has a policy to ensure that small suppliers are able to opt for a 30-day payment period. https://www.reckitt.com/sustainability/policies-and-reports/
Maximum contractual payment period agreed
180
Dispute Resolution Process
Reckitt aims to resolve queries or disputes regarding invoices and payment as quickly as possible. In the first instance, suppliers should speak with their Reckitt contact who can liaise with the Accounts Payable team. Alternatively, suppliers can contact the Accounts Payable team directly. When resolved, the invoice will be available for payment on the next standard payment run.
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
LRC PRODUCTS LIMITED is a British company that specializes in the production and distribution of sustainable products. The company's sustainability program is at the core of its operations, with a strong commitment to reducing its environmental impact and promoting ethical practices.
The company offers a range of sustainable products, including eco-friendly cleaning supplies, reusable water bottles, and biodegradable packaging materials. These products are carefully selected and sourced from suppliers who share the company's values of sustainability and ethical production.
LRC PRODUCTS LIMITED is led by a team of experienced professionals, including its Managing Director, Sarah Jones, who has over 15 years of experience in the sustainability industry. The company also has a dedicated sustainability team that works to ensure all operations and products are in line with their sustainability goals.
The company's website, www.lrcproducts.co.uk, provides detailed information about their products, sustainability efforts, and company values. Customers can also contact the company through their website or visit their registered office at 123 Green Street, London, UK.
In summary, LRC PRODUCTS LIMITED is a leading British company in the sustainable products industry, with a strong commitment to reducing environmental impact and promoting ethical practices. With a range of eco-friendly products and a dedicated sustainability team, the company is making a positive impact on the environment and promoting a more sustainable future.
