| 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 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 44 | 28% | 46% | 27% | 47% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jan 2020 | 44 | 27% | 53% | 19% | 51% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from invoice date
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
Disputes relating to supplier invoices should be communicated to ap.uk@luceco.com
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
BG Electrical Limited is a company registered in Telford, Shropshire, that trades under the Luceco brand and is part of the Luceco Group. The group designs, supplies and manufactures LED lighting products for commercial, residential and retail settings, including office lighting, emergency lighting and lighting controls. It also offers lighting design services such as energy consumption audits and bespoke lighting layouts, along with tools like a lighting calculator to help estimate project requirements. Recent product launches include Bluetooth-enabled panel lighting and emergency lighting systems aimed at compliance automation. The company's registered activity is recorded as wholesale of electrical household appliances, reflecting its role within the wider Luceco Group's lighting business.
Generated from the company's website and Companies House records. Sources: luceco.co.uk