Industry ranking
The average time for LLOYD SHOE CO LIMITED to pay their invoices has remained relatively consistent over the past three periods, fluctuating between 47 and 59 days. However, there has been a slight decrease in the percentage of invoices paid within 30 days and an increase in the percentage paid later than 60 days. This suggests that the company may be experiencing some financial difficulties.
The company's payment patterns have shown some volatility over the past three periods. While the average time to pay has remained relatively consistent, there have been fluctuations in the other payment categories. This could indicate that the company's financial situation is unstable and may be impacting their ability to pay invoices on time.
| 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 Sept 2019 - 29 Feb 2020 | 27 Mar 2020 | 53 | 21% | 56% | 23% | 63% |
| 03 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 47 | 23% | 53% | 24% | 65% |
| 02 Sept 2018 - 02 Mar 2019 | 02 Apr 2019 | 47 | 21% | 56% | 23% | 63% |
| 25 Feb 2018 - 01 Sept 2018 | 17 Oct 2018 | 59 | 23% | 55% | 22% | 66% |
| 27 Aug 2017 - 24 Feb 2018 | 29 Mar 2018 | 53 | 24% | 38% | 38% | 66% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We tend to pay suppliers within 60 days, some are upto 90 days from receipt of goods.
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
90
There is an escalation process, dependant upon its nature. Ultimately the complaint would be dealt with by the Finance Director.
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
LLOYD SHOE CO LIMITED is a liquidation private limited company, incorporated on 3 February 1986, based in the East of England region. Registered business activity: Retail sale of footwear in specialised stores.
From Companies House records.