DE LAGE LANDEN LEASING LIMITED
Company Information
- Company Number
- 02380043
- Registered Address
- 2nd Floor, Building 1 Marlins Meadow, Croxley Park, Watford, Hertfordshire, England, WD18 8YA
- Status
- Active
- Employee Count
- 263.0
- Turnover
- 122121000.0
- EBITDA
- 106331000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 4 May 1989
- Nature of Business
- 64910 - Financial leasing
- Industries
- Travel And Transportation
- Region
- East of England
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 23 | 85% | 8% | 7% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 33 | 71% | 19% | 11% | 29% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 36 | 62% | 23% | 16% | 23% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 24 | 76% | 16% | 7% | 24% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 14 | 86% | 10% | 4% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 29 | 74% | 17% | 9% | 26% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 41 | 63% | 20% | 17% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 42 | 60% | 17% | 23% | 40% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 40 | 60% | 21% | 19% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 29 | 71% | 21% | 8% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 11 Feb 2019 | 33 | 70% | 17% | 13% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Sept 2018 | 33 | 69% | 17% | 14% | 20% |
Company Summary
De Lage Landen Leasing Limited is a leasing and finance company based in the UK
The company offers a wide range of financial solutions for businesses, including equipment leasing and financing, vendor finance programs, and fleet management services
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
These include promoting energy efficiency, reducing waste, and using renewable energy sources
They also offer sustainable financing options to their clients, encouraging them to invest in environmentally friendly equipment and practices
De Lage Landen Leasing Limited has a diverse range of products and services, catering to various industries such as healthcare, transportation, construction, and agriculture
They work closely with their clients to provide tailored solutions that meet their specific needs and goals
The key people at De Lage Landen Leasing Limited include the managing director, Mark Begbie, and the head of sustainability, Sarah Allen
The company also has a team of experienced professionals who are dedicated to providing excellent services to their clients
For more information on their products and services, and to get in touch with the company, their website address is www.delagelanden.co.uk
Their registered office address is 1st Floor, The Leadenhall Building, 122 Leadenhall Street, London, EC3V 4AB
In conclusion, De Lage Landen Leasing Limited is a reputable and sustainable company, providing innovative financial solutions to businesses in the UK
Company Review
Trend Analysis
The average time taken for DE LAGE LANDEN LEASING LIMITED to pay invoices has fluctuated over the past three years, with a downward trend from 2018 to 2020, followed by an increase in 2021 and a decrease in 2022. The percentage of invoices paid within 30 days has remained relatively consistent, with a slight decrease in 2021. The percentage of invoices paid between 31 and 60 days has also remained consistent, with a slight increase in 2021. However, the percentage of invoices paid later than 60 days has fluctuated significantly, with a peak in 2020 and a drop in 2021. The percentage of invoices not paid within agreed terms has also fluctuated, with a peak in 2021.
Volatility Analysis
The volatility of the average time taken to pay invoices has been relatively low, with only a 9% difference between the highest and lowest values. The volatility of the percentage of invoices paid within 30 days has also been low, with only a 5% difference between the highest and lowest values. However, the percentage of invoices paid between 31 and 60 days has seen a higher volatility, with a 7% difference between the highest and lowest values. The percentage of invoices paid later than 60 days has seen the highest volatility, with a 15% difference between the highest and lowest values. The volatility of the percentage of invoices not paid within agreed terms has been moderate, with a 20% difference between the highest and lowest values.
Summary Analysis
From 2018 to 2020, DE LAGE LANDEN LEASING LIMITED showed a steady decrease in the average time taken to pay invoices, from 33 days to 42 days. However, there was a significant increase in the percentage of invoices paid later than 60 days in 2020, with a peak of 23%. This was the worst period for the company, as the percentage of invoices not paid within agreed terms also reached its highest at 40%. In 2021, there was an improvement as the average time taken to pay invoices decreased to 29 days and the percentage of invoices paid later than 60 days dropped to 9%. The best period for the company was in 2022, with an average time of 24 days to pay invoices and a low percentage of invoices paid later than 60 days at 7%. However, the company experienced a slight increase in the average time to pay invoices in 2023, from 23 days to 33 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days net
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
If complaints are received these are dealt with by a relevant department manager. If a resolution is not agreed, they will be escalated to the Finance Director or Managing Director to agree an appropriate course of action.
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
