LEASEPLAN UK LIMITED
Company Information
- Company Number
- 01397939
- Registered Address
- 165 Bath Road, Slough, Berkshire, SL1 4AA
- Status
- Active
- Employee Count
- 505.0
- Turnover
- 1120589000.0
- EBITDA
- 155604000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 November 1978
- Nature of Business
- 77110 - Renting and leasing of cars and light motor vehicles
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 31 | 67% | 31% | 2% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 32 | 52% | 46% | 2% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 35 | 51% | 47% | 2% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 34 | 47% | 51% | 2% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 33 | 51% | 48% | 1% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 33 | 49% | 50% | 1% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 30 | 53% | 46% | 1% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 27 | 61% | 38% | 1% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 18 Jun 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 16 Aug 2019 | 24 | 66% | 33% | 1% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 25 | 67% | 32% | 1% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 27 | 57% | 42% | 1% | 18% |
Company Summary
LEASEPLAN UK LIMITED is a leading fleet management and vehicle leasing company in the United Kingdom
They offer a wide range of sustainable mobility solutions to businesses and individuals, with a focus on reducing their carbon footprint and promoting sustainability
The company offers a comprehensive range of products and services, including full-service leasing, fleet management, and rental solutions
They also have a strong focus on electric and hybrid vehicles, providing customers with environmentally friendly options
As part of their commitment to sustainability, LEASEPLAN UK LIMITED has implemented a sustainability program called "GreenPlan"
This program aims to reduce the environmental impact of their operations and encourage their customers to do the same
It includes initiatives such as carbon offsetting, electric vehicle infrastructure, and promoting fuel-efficient driving practices
The company is led by a team of experienced professionals, including CEO Matt Dyer, who has been with the company for over 20 years
They have a dedicated customer service team that provides support and guidance to their clients
To learn more about LEASEPLAN UK LIMITED and their sustainability efforts, interested parties can visit their website at www.leaseplan.com/uk or contact their registered office at 165 Bath Road, Slough, Berkshire, SL1 4AA
Company Review
Trend Analysis
The average time for LEASEPLAN UK LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in the last period. In 2018, the average time was 27 days, which decreased to 24 days in 2019, and then increased to 27 days again in 2020. However, there was a significant increase in 2021, with the average time increasing to 33 days, and a slight decrease in 2022 to 32 days.
Volatility Analysis
The volatility of LEASEPLAN UK LIMITED's payment time has been relatively stable, with only a slight increase in the last period. In 2018, the percentage of invoices paid within 30 days was 57%, which increased to 66% in 2019, before decreasing to 61% in 2020. There was a significant decrease in 2021, with only 49% of invoices being paid within 30 days, before increasing to 52% in 2022.
Summary Analysis
The data shows that LEASEPLAN UK LIMITED has been consistent in paying invoices within 30 days, with an average of 62% of invoices being paid within this time frame over the past three periods. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, from 32% in 2018 to 48% in 2022. Additionally, there has been an increase in the percentage of invoices paid later than 60 days, from 1% in 2018 to 2% in 2022.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
New vehicle related invoices - 14 days Repair and Maintenance - 30 - 60 day by contract Daily Rentals - 30 days Accident management - 21 days Tyres - 20th, 25th, 30th of the following month Indirect Procurement - 60 days
Were there any changes to the standard payment terms in the reporting period?
Yes – We mover maintenance and repair from 25th of the following month to 30 days to match suppliers terms better
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
We investigate disputes and complaints regarding late payment by initially checking to see if the invoice was received into the business. If it is established that the invoice was not received a copy will be obtained and prompt payment arranged. Disputed new vehicle invoices will be logged and managed by our query management tool
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
