LUCY ELECTRIC UK LIMITED
Company Information
- Company Number
- 01179461
- Registered Address
- Eagle Works, Walton Well Road, Oxford, OX2 6EE
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 August 1974
- Nature of Business
- 27900 - Manufacture of other electrical equipment
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
LUCY ELECTRIC UK LIMITED exhibits a consistent trend of extended payment cycles, with an average payment time of 46 days, significantly exceeding standard 30-day terms. Only 34% of payments are received within 30 days, while the majority (42%) fall into the 31-60 day bracket, indicating a routine extension beyond initial terms. A substantial 24% of payments are delayed beyond 60 days, establishing a clear trajectory towards prolonged payment periods.
Volatility Analysis
Payment reliability for promptness is low, with only 34% paid within 30 days, meaning suppliers cannot reliably expect on-time payment. While 42% of payments occur between 31-60 days, offering some predictability within a delayed timeframe, the 24% over 60 days introduces considerable volatility and unpredictability for cash flow. This consistent pattern of delays, particularly the quarter of payments exceeding 60 days, poses a notable risk to supplier cash flow planning.
Summary Analysis
Overall, LUCY ELECTRIC UK LIMITED demonstrates a consistent pattern of extended payment terms, necessitating a cautious approach for suppliers. Key decision factors should include the supplier's capacity to manage an average 46-day payment cycle and tolerate a 24% chance of payments exceeding 60 days. To mitigate risk, suppliers should establish stringent payment terms, consider shorter credit limits, or explore options like upfront deposits for substantial orders.
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 | 31 Jul 2025 | 46 | 34% | 42% | 24% | 19% |
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
Terms range between 0 and 60 days from the end of the current month, dependent on the nature of the business.
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
60
Dispute Resolution Process
The company operates a three-way matching process, where the invoice, goods receipt and PO should match. Invoices cannot be processed for payment unless the final invoice matches the original purchase order, in terms of quantity price and quality. Any discrepancies are referred back to the supplier to update documentation as required, which can cause delays in payment from the original payment due date. Suppliers can raise issues by contacting a dedicated email address, which are then dealt with by the accounts payable team in the first instance and escalated to senior management and Group legal team where issues cannot be resolved directly.
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
LUCY ELECTRIC UK LIMITED is an active private limited company operating within the electrical industry in the United Kingdom. Its company name identifies its core business involvement with electrical products, services, or infrastructure.
The company was incorporated on 1 August 1974 and holds company number 01179461, maintaining an active status. Its registered office is located at Eagle Works, Walton Well Road, Oxford, OX2 6EE, placing its operations within the South East region of the UK.
Private limited companies within the UK's electrical industry typically provide a range of services and products. These often include the manufacture, supply, and installation of electrical equipment, components, and systems, alongside electrical engineering consultancy or power distribution solutions for various markets.
