LLOYDS PHARMACY LIMITED

PaymentCheck Score 2023
49Poor
1.2vs last year
#4301 in UK
#102 in Healthcare And Wellbeing
#1561 in London

Company Information

Company Number
00758153
Registered Address
Allen House, 1 Westmead Road, Sutton, Surrey, SM1 4LA
Status
Liquidation
Employee Count
12,911
Turnover
£1,701,029,000
EBITDA
-£21,996,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 April 1963
Nature of Business
47730 - Dispensing chemist in specialised stores
Industries
Healthcare And Wellbeing
Region
London

Time to Pay

Average Time to Pay
42 days
Shortest Period:7 days
Longest Period:0 days
Max Contractual:92 days

Payment Timeline

Within 30 Days
11%
31-60 Days
78%
After 60 Days
11%
Not Paid Within Terms15%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-11-20
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2023 - 30 Sept 202320 Nov 20234211%78%11%15%
01 Oct 2022 - 31 Mar 202322 May 2023488%86%6%7%
01 Apr 2022 - 30 Sept 202216 Nov 2022457%85%8%12%
01 Apr 2021 - 30 Sept 202102 Nov 2021464%93%3%8%
01 Oct 2020 - 31 Mar 202105 May 2021463%93%4%5%
01 Apr 2020 - 30 Sept 202021 Oct 2020453%94%3%5%
01 Apr 2019 - 30 Sept 201931 Oct 2019465%89%6%11%
01 Apr 2018 - 30 Sept 201831 Oct 2018465%91%4%8%

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

"GNFR, payment shall be notified to the seller on the 28th day of the second month following the date of invoice with cleared funds following the second working day of the third month for undisputed invoices. (Average of 75 days) GFR, payment shall be notified to the seller on the 28th day of the first month following the date of invoice with cleared funds received the second working day of the second month for undisputed invoices. (Average of 45 days)"

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

92

Dispute Resolution Process

The main point of contact for disputes is the Accounts Payable department who manage the approval of invoices and follow internal processes to deal with and resolve invoice queries. Disputes will be investigated by the Accounts Payable team, who will liaise with the appropriate function to resolve the query. Query invoices will be held for payment until resolved. 

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.

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.

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.

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

LLOYDS PHARMACY LIMITED is a British pharmaceutical company that provides a wide range of healthcare services and products. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact, such as using renewable energy sources and promoting recycling.

The company offers a range of products and services, including prescription medications, over-the-counter medicines, health and beauty products, and healthcare advice. They also provide online services for ordering prescriptions and home delivery.

Key people in the company include CEO Toby Anderson and Chairman Steve Howard. The company has over 1,500 pharmacies across the UK and employs over 17,000 people.

LLOYDS PHARMACY LIMITED's website is https://www.lloydspharmacy.com/ and their registered office address is Sapphire Court, Walsgrave Triangle, Coventry, CV2 2TX, United Kingdom.

In addition to their sustainability efforts, the company also supports various charitable causes and partners with organizations such as Macmillan Cancer Support and Alzheimer's Society. LLOYDS PHARMACY LIMITED is committed to providing high-quality healthcare services and products while also making a positive impact on the environment and society.

Financial Metrics

Cash
£38,590,000
Net Worth
-£606,726,000
Total Current Assets
£489,425,000
Total Current Liabilities
£1,184,456,000

Company Location