LRQA GROUP LIMITED
Company Information
- Company Number
- 01217474
- Registered Address
- 1, Trinity Park, Bickenhill Lane, Birmingham, England, B37 7ES
- Status
- Active
- Employee Count
- 15
- Turnover
- £67,424,000
- EBITDA
- -£15,432,000
Additional Details
- Website
- http://lrqa.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 26 June 1975
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Education, Information Technology, Telecommunications And Data, Professional Services, Property, Infrastructure And Construction, Safety And Security, Telecommunications
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
LRQA GROUP LIMITED exhibits a consistent trend of extended payment cycles, with an average payment time of 41 days. Only 18% of invoices are paid within 30 days, while the majority (54%) fall into the 31-60 day bracket, indicating a predictable trajectory towards slower payments.
Volatility Analysis
The high rate of 78% late payments indicates low reliability in adhering to standard payment terms. While 54% of payments occur between 31-60 days, the substantial 28% extending over 60 days introduces volatility and risk to cash flow predictability for suppliers.
Summary Analysis
Suppliers should anticipate payment terms significantly exceeding 30 days and factor this into their financial planning. It is recommended to establish clear, extended payment terms upfront or consider mitigation strategies like early payment discounts or phased payments for larger projects. Close monitoring of invoice aging and proactive communication will be crucial to manage potential cash flow impacts.
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 | 28 Jul 2025 | 41 | 18% | 54% | 28% | 78% |
| 01 Jul 2024 - 31 Dec 2024 | 09 Jul 2025 | 62 | 22% | 47% | 31% | 74% |
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
Payment terms are agreed on an individual basis, standards vary between 30 and 60 days depending on the category of goods and services being provided
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
Their is a designated centralised helpdesk for suppliers, suppliers-queries@lrqa.com. If the accounts payable or payments team cannot directly support the supplier they will coordinate with the relevant business representative to resolve with their supplier counterpart.
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.
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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
LRQA GROUP LIMITED operates as an active Private limited Company, a widely utilised legal structure for businesses in the United Kingdom. This company type establishes a separate legal entity from its owners, defining its operational framework.
The company is registered in England under company number 01217474. It was incorporated on 26 June 1975 and is currently active. Its registered office is located at 1, Trinity Park, Bickenhill Lane, Birmingham, England, B37 7ES.
A Private limited Company provides a robust legal framework that offers limited liability to its shareholders, separating personal assets from business liabilities. This structure facilitates private investment and ownership, enabling businesses of all sizes and across diverse sectors to operate within the UK market.
