LEX AUTOLEASE LIMITED
Company Information
- Company Number
- 01090741
- Registered Address
- 25 Gresham Street, London, EC2V 7HN
- Status
- Active
- Employee Count
- 801
- Turnover
- £2,051,205,000
- EBITDA
- £1,434,559,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 January 1973
- Nature of Business
- 77110 - Renting and leasing of cars and light motor vehicles82990 - Other business support service activities not elsewhere classified
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- London
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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 7 | 98% | 1% | 1% | 2% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 7 | 98% | 1% | 1% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 7 | 98% | 1% | 1% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 11 | 97% | 2% | 1% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 12 | 96% | 2% | 2% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 12 | 98% | 1% | 1% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 12 | 97% | 2% | 1% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 15 | 96% | 2% | 2% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 15 | 97% | 2% | 1% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 14 | 96% | 3% | 1% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 20 | 77% | 22% | 1% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 19 | 80% | 18% | 2% | 21% |
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
Standard payment terms are 30 days after receipt of a correct, undisputed, timely provided and properly due VAT invoice. In some circumstances, Lex Autolease Limited agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abides by those terms based on the timely submission of valid invoices.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoice Receipt Date We are currently only able to record the date of receipt of invoices for 0% of reportable invoices in this report. Where the date we receive an invoice is not available, we have reported on the date of the invoice itself, as we consider this the most justifiable alternative. Unknown payment terms For certain suppliers, our systems do not currently capture details of the payment terms in place under qualifying contracts with those suppliers. Therefore, for the purposes of reporting on our payment statistics for those qualifying contracts, we have assumed that all payments under those contracts are due within 30 days of the date of receipt of the invoice, which reflects our most commonly used contractual payment terms. Discrepancy between contracting entity and paying entity Our payment statistics include some payments made by Lex Autolease Limited where, although we are not the contracting entity for the relevant qualifying contract, the services have been received and paid for by Lex Autolease Limited. Sufficient link to the UK Our payment statistics may include some payments made to non-UK entities where we have been unable to ascertain whether the contract has a sufficient link to the UK to meet the criteria for reporting. It is not Lex Autolease Limited policy to differentiate supplier payment terms based on supplier jurisdiction and our payment practices for non-UK entities are representative of those followed for UK entities.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Suppliers can raise queries with our Accounts Payable department by telephone on 0344 824 0727, or by email via vehiclepurchaseledger@lexautolease.co.uk or maintenanceledger@lexautolease.co.uk
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
LEX AUTOLEASE LIMITED is a leading vehicle leasing and fleet management company based in the United Kingdom. The company was founded in 1959 and has since grown to become one of the largest providers of fleet management and vehicle leasing services in the country.
The company offers a range of sustainable products and services to its customers, including electric and hybrid vehicles, as well as a variety of low-emission options. LEX AUTOLEASE LIMITED is committed to reducing its carbon footprint and promoting sustainable practices in the automotive industry.
The company's sustainability program, called "DriveGreen," aims to help customers reduce their carbon emissions and achieve their sustainability goals. This program includes offering eco-friendly vehicles, promoting efficient driving practices, and implementing green initiatives within the company.
At the helm of LEX AUTOLEASE LIMITED is the Managing Director, Tim Porter, who has over 30 years of experience in the automotive industry. The company is also supported by a team of experienced executives and professionals who are dedicated to providing excellent customer service and driving the company's sustainable efforts.
Customers can contact LEX AUTOLEASE LIMITED through their website at www.lexautolease.co.uk or by visiting their registered office at 25 Gresham Street, London, EC2V 7HN, United Kingdom. The company's website also provides information on their products and services, as well as the latest news and updates on their sustainability initiatives. Overall, LEX AUTOLEASE LIMITED is committed to providing sustainable and innovative solutions to its customers while contributing to a greener and more environmentally friendly future.
