LRQA LIMITED
Company Information
- Company Number
- 01879370
- Registered Address
- 1, Trinity Park, Bickenhill Lane, Birmingham, England, B37 7ES
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 21 January 1985
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
LRQA LIMITED exhibits a consistent trend towards extended payment cycles, evidenced by an average payment time of 50 days. The majority of payments (48%) fall into the 31-60 day bracket, with a significant 16% extending beyond 60 days. This trajectory indicates that timely payments within standard 30-day terms (only 36%) are not the norm for this company.
Volatility Analysis
The 61% late payment rate signifies substantial unpredictability and unreliability in LRQA LIMITED's payment behavior. A notable 16% of payments exceeding 60 days introduces a high level of cash flow risk for suppliers. This indicates that adherence to agreed payment terms is highly volatile, making future payment dates difficult to forecast.
Summary Analysis
Suppliers should approach LRQA LIMITED with caution due to the consistent pattern of extended and late payments, averaging 50 days with 61% late. Key decision factors include the high likelihood of delayed cash inflow and the significant portion of payments exceeding 60 days. Mitigate risk by negotiating stricter payment terms, considering upfront payments, or exploring credit insurance options.
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 | 50 | 36% | 48% | 16% | 61% |
| 01 Jul 2024 - 31 Dec 2024 | 09 Jul 2025 | 43 | 67% | 21% | 12% | 26% |
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
There is a designated centralised helpdesk for suppliers, supplier-queries@lrqa.com. If the accounts payable or payments team can not directly support the supplier, they co-ordinate 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.
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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?
❌
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 LIMITED is an active private limited company, operating as a distinct legal entity in the United Kingdom.
The company was incorporated on 21 January 1985 and is identified by company number 01879370. Its registered office is located at 1, Trinity Park, Bickenhill Lane, Birmingham, England, B37 7ES, with its general location further noted as 'Other'.
As a private limited company in the UK, such entities are structured to engage in a wide range of commercial activities. They typically provide diverse services or products across various sectors, from professional consultancy and manufacturing to goods distribution, while offering limited liability to their shareholders.
