LG ELECTRONICS U.K. LTD
Company Information
- Company Number
- 02143888
- Registered Address
- Velocity 2 Brooklands Drive, Weybridge, Surrey, KT13 0SL
- Status
- Active
- Employee Count
- 233
- Turnover
- £617,143,000
- EBITDA
- £18,731,000
Additional Details
- Website
- https://www.lg.com/uk/
- Company Type
- Private limited Company
- Incorporated On
- 1 July 1987
- Nature of Business
- 46520 - Wholesale of electronic and telecommunications equipment and parts47910 - Retail sale via mail order houses or via Internet
- Industries
- Hardware, Property-related Goods And Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 25 Jul 2025 | 34 | 43% | 52% | 5% | 57% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 38 | 44% | 50% | 6% | 54% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 33 | 54% | 41% | 5% | 42% |
| 01 Jan 2023 - 30 Jun 2023 | 03 Aug 2023 | 33 | 51% | 43% | 6% | 46% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 35 | 46% | 46% | 8% | 51% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Mar 2022 | 34 | 46% | 47% | 7% | 47% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 33 | 46% | 50% | 5% | 53% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 35 | 47% | 47% | 6% | 51% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 34 | 47% | 48% | 5% | 51% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 35 | 47% | 46% | 6% | 51% |
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
45 days from invoice date
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
We have an PIC of Accounts Payable who deals with any issues raised and resolve.
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
LG Electronics U.K. Ltd is a subsidiary of the global electronics company, LG Electronics. The company is headquartered in London and has been operating in the United Kingdom since 1972. LG Electronics U.K. Ltd is responsible for the sales, marketing, and distribution of LG products in the U.K.
The company's sustainability program, "Life's Good for a Greener Tomorrow," focuses on reducing their carbon footprint and promoting eco-friendly practices. They have implemented energy-efficient technologies in their products and have also taken steps to reduce waste and increase recycling.
LG Electronics U.K. Ltd offers a wide range of products including televisions, home appliances, mobile phones, and computer products. They are known for their innovative and high-quality products, such as their OLED TVs and home appliances with smart technology.
The key people at LG Electronics U.K. Ltd include the managing director, Mr. Kwang-Ryul Choi, and the marketing director, Mr. Andrew Mackay. They lead a team of dedicated professionals who strive to provide the best products and services to their customers.
The registered office address for LG Electronics U.K. Ltd is 250 Bath Road, Slough, Berkshire, SL1 4DX. The company's website address is www.lg.com/uk. Customers can contact the company through their website or by phone at 0344 847 5454.
In conclusion, LG Electronics U.K. Ltd is a leading electronics company in the U.K. with a strong focus on sustainability and providing high-quality products and services. Their commitment to innovation and eco-friendly practices makes them a trusted brand among British consumers.
