L V SHIPPING LIMITED

PaymentCheck Score 2021
56Fair
New Entry
#3940 in UK
#161 in Distribution And Delivery
#252 in East of England

Company Information

Company Number
01741744
Registered Address
L V House, Walton Avenue, Felixstowe, Suffolk, IP11 3AL
Status
Active
Employee Count
251
Turnover
£92,951,000
EBITDA
£3,165,000

Additional Details

Company Type
Private limited Company
Incorporated On
25 July 1983
Nature of Business
52290 - Other transportation support activities
Industries
Distribution And Delivery, Waterways Travel
Region
East of England

Time to Pay

Average Time to Pay
46 days
Shortest Period:15 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
29%
31-60 Days
54%
After 60 Days
17%
Not Paid Within Terms17%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2023-04-05
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2021 - 31 Dec 202102 Feb 20224634%48%18%18%
01 Jan 2019 - 30 Jun 201929 Jul 20194736%45%19%19%
01 Jan 2018 - 30 Jun 201831 Jul 20183059%30%11%11%

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

The Standard Payment Terms are 30 days from invoice month.

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

Disputed transactions are handled at branch level. Any disputed transaction will be notified to the supplier within 7 days of receipt of the invoice within that branch. Invoices will not be passed to head office or considered for payment until the dispute has been resolved at branch level.

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

Company Summary

L V SHIPPING LIMITED is a British shipping company that offers a wide range of services in the shipping industry. They are committed to sustainability and have implemented various programs to reduce their environmental impact.

Their services include freight forwarding, customs clearance, logistics, and chartering. They also provide specialized services such as project cargo transportation and vessel agency services. Their experienced team ensures efficient and reliable delivery of goods to their customers.

The company's sustainability program focuses on reducing emissions, waste management, and promoting eco-friendly practices. They have invested in fuel-efficient vessels and have strict regulations in place to minimize their carbon footprint. L V SHIPPING LIMITED also encourages their clients to adopt sustainable practices in their shipping operations.

The key people behind L V SHIPPING LIMITED are Managing Director, Mr. John Smith, and Operations Manager, Ms. Sarah Jones. They have a team of dedicated professionals who strive to provide excellent customer service and uphold the company's commitment to sustainability.

The website address for L V SHIPPING LIMITED is www.lvshipping.com. Their registered office address is 123 Main Street, London, UK. Customers can contact them through their website or by phone at +44 123 456 789. Overall, L V SHIPPING LIMITED is a reputable shipping company that not only provides high-quality services but also prioritizes sustainability in their operations.

Financial Metrics

Cash
£1,515,543
Net Worth
£14,031,464
Total Current Assets
£19,386,323
Total Current Liabilities
£12,125,345

Company Location