LANDIS + GYR LIMITED
Company Information
- Company Number
- 01202284
- Registered Address
- The Landing Trident Business Park, Styal Road, Manchester, England, M22 5XB
- Status
- Active
- Employee Count
- 197
- Turnover
- £109,290,000
- EBITDA
- -£5,360,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 4 March 1975
- Nature of Business
- 26110 - Manufacture of electronic components
- Industries
- Hardware
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time for LANDIS + GYR LIMITED is 30 days, with 65% of invoices paid within this period. However, a significant 76% of payments are categorized as late overall, indicating a consistent pattern where a substantial portion of invoices are paid beyond their original due dates. This suggests a trajectory towards prolonged payment cycles for suppliers over time.
Volatility Analysis
Payment predictability is low, as a high 76% of payments are late, including 11% extending beyond 60 days. This substantial variability in payment timing creates significant cash flow uncertainty for suppliers. The risk of delayed remittances is considerable, making financial planning challenging.
Summary Analysis
Suppliers should approach LANDIS + GYR LIMITED with caution due to the high probability of delayed payments, evidenced by 76% being late and 11% exceeding 60 days. Key decision factors include the potential impact on cash flow and the need for robust credit management. Mitigate risk by negotiating favorable payment terms, considering upfront payments, or implementing stricter credit limits.
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 Apr 2019 - 30 Sept 2019 | 21 Oct 2019 | 30 | 65% | 25% | 11% | 76% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 30 | 62% | 27% | 11% | 79% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 29 | 66% | 28% | 6% | 56% |
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
We only have 1 Standard Payment term which is the 60 days from invoice date mentioned above. Anything else is a deviation from Standard but procurement have the ability to negotiate any payment terms they deem appropriate.
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
105
Dispute Resolution Process
Payment disputes are dealt with by the ordering department, should the dispute take too long accounts payable will intervene and escalate to management where appropriate.
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.
❌
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
LANDIS + GYR LIMITED is an active private limited company. It operates as a distinct business entity under its registered corporate name, Landis + Gyr.
Incorporated on 4 March 1975, the company holds registration number 01202284. Its registered office is situated at The Landing Trident Business Park, Styal Road, Manchester, England, M22 5XB, serving as its official administrative base.
As a private limited company in the UK, LANDIS + GYR LIMITED typically engages in commercial activities. These commonly involve the provision of products, services, or specialised solutions tailored to its specific operational sector and clientele.
