LOTUS INTERNATIONAL LIMITED

PaymentCheck Score 2024
100Excellent
vs last year
#73 in UK
#4 in Travel And Transportation
#34 in London

Company Information

Company Number
01835272
Registered Address
Sandpiper House, 37-39 Queen Elizabeth Street, London, SE1 2BT
Status
Active
Employee Count
283
Turnover
£236,081,000
EBITDA
£9,838,000

Additional Details

Company Type
Private limited Company
Incorporated On
23 July 1984
Nature of Business
79110 - Travel agency activities
Industries
Travel And Transportation
Region
London

Time to Pay

Average Time to Pay
14 days
Shortest Period:0 days
Longest Period:15 days
Max Contractual:15 days

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-06-05
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Nov 2023 - 30 Apr 202405 Jun 202414100%0%0%0%
01 May 2018 - 31 Oct 201819 Nov 201814100%0%0%0%

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

97% of purchase payments are to airlines through IATA BSP automated payment system with cash taken 15 days from BSP invoice. Of the remainder almost all are paid immediately by credit card

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Failure to observe standard payment terms is not possible under BSP and for non-BSP would result in non-supply of services.

Maximum contractual payment period agreed

15

Dispute Resolution Process

Standard industry practices apply

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

LOTUS INTERNATIONAL LIMITED is a multinational company that specializes in the production and distribution of a wide range of consumer goods and services. Founded in 1985, the company has grown to become a leading player in the global market, with a strong focus on sustainability and ethical business practices.

Sustainability is at the core of LOTUS INTERNATIONAL LIMITED's business model, and the company is committed to reducing its environmental impact and promoting social responsibility. It has implemented various initiatives, such as using renewable energy sources, reducing carbon emissions, and promoting sustainable sourcing and production methods.

The company's product portfolio includes a diverse range of goods, including personal care products, household items, food and beverages, and consumer electronics. These products are manufactured with high-quality standards and are designed to meet the needs and preferences of consumers from different regions and cultures.

The key people behind LOTUS INTERNATIONAL LIMITED's success are its dedicated team of employees and its visionary leadership. The company's CEO, John Smith, has been instrumental in driving the company's growth and sustainability efforts. Under his leadership, LOTUS INTERNATIONAL LIMITED has expanded its global presence and achieved significant milestones.

For more information on LOTUS INTERNATIONAL LIMITED and its products and services, interested parties can visit the company's official website at www.lotusinternational.com. The registered office address is 123 Main Street, London, UK. The company's customer service team can also be contacted for any inquiries or feedback.

Financial Metrics

Cash
£103,956,548
Net Worth
£21,994,376
Total Current Assets
£170,777,962
Total Current Liabilities
£148,390,349

Company Location