Score of 91.7/100 qualifies for PaymentCheck Certification
The average time taken for ADDISON LEE LIMITED to pay invoices has fluctuated over the past three periods with a high of 27 days in 2018-2019 and a low of 19 days in 2019-2020. However, the trend seems to be showing an improvement in payment times as the average time has decreased from 27 days to 23 days in the most recent period.
The volatility of payment times has also decreased over the past three periods. The range of average days taken to pay invoices has decreased from 8 days in 2018-2019 to 4 days in 2020-2021, indicating a more consistent payment pattern.
| 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 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | |||||
| 01 Sept 2020 - 28 Feb 2021 | 06 Apr 2021 | 23 | 94% | 5% | 1% | 13% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 26 | 91% | 5% | 4% | 16% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 22 | 94% | 5% | 1% | 13% |
| 01 Mar 2019 - 31 Aug 2019 | 04 Dec 2019 | 19 | 95% | 3% | 2% | 13% |
| 01 Sept 2018 - 28 Feb 2019 | 10 Sept 2019 | 27 | 90% | 5% | 5% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for supplier payments range between 0 to 60 days. Supplier payments are made per the agreed terms unless alternative payments arrangements / terms are agreed in advance. Related payment supplier payments are not settled periodically and dealt separately.
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
89
All queries are handled by dedicated accounts payables team. If there is a dispute, we would call/email the relevant vendors and follow up with an email to resolve. All queries raised by vendors are usually resolved within 10 working days. There is an escalation matrix which is shared with all vendors. Periodic governance process in place to monitor the performance of the accounts payable team to ensure that queries are resolved timely and satisfactorily, thereby ensuring a build-up of invoices on hold is avoided and vendors are paid accurately.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Addison Lee Limited, incorporated in 1975 and based in London, trades as Addison Lee, providing private hire car, executive chauffeur, black taxi and courier services across London, with national and international delivery via partner networks. It serves both individual consumers and corporate clients, the latter through business accounts with priority booking and account management. Bookings are taken through its website and app. The company was founded by an individual entrepreneur and has since acquired other private hire operators. It is now part of ComfortDelGro, a large international land transport group, following an acquisition in 2024, with Addison Lee operating as part of that wider corporate group in the UK.
Generated from the company's website and Companies House records. Sources: addisonlee.com · addisonlee.com