LUMEN TECHNOLOGIES UK LIMITED
Company Information
- Company Number
- 02495998
- Registered Address
- 260-266 Goswell Road, London, England, EC1V 7EB
- Status
- Active
- Employee Count
- 1056.0
- Turnover
- 317852000.0
- EBITDA
- 71747000.0
Additional Details
- Website
- https://globalcrossing.com/
- Company Type
- Private limited Company
- Incorporated On
- 25 April 1990
- Nature of Business
- 61900 - Other telecommunications activities
- Industries
- 0
- Region
- London
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 | 01 Feb 2024 | 50 | 60% | 29% | 11% | 17% |
| 01 Jan 2023 - 31 Jul 2023 | 11 Aug 2023 | 64 | 49% | 34% | 17% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 57 | 54% | 32% | 14% | 23% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Aug 2022 | 55 | 55% | 29% | 16% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 65 | 52% | 27% | 21% | 26% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 55 | 42% | 35% | 23% | 47% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 52 | 42% | 34% | 24% | 45% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 44 | 54% | 31% | 15% | 35% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 39 | 64% | 26% | 10% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 43 | 57% | 29% | 14% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 43 | 47% | 40% | 13% | 45% |
Company Summary
LUMEN TECHNOLOGIES UK LIMITED is a leading technology company that specializes in providing sustainable solutions to its customers
They offer a wide range of products and services that cater to various industries, including telecommunications, cloud computing, and data management
Their sustainability program focuses on utilizing renewable energy sources and reducing their carbon footprint
They have implemented energy-efficient practices in their operations and have also invested in renewable energy projects
This has helped them in achieving their goal of becoming a carbon-neutral company
The company's products and services include high-speed internet, cloud-based solutions, data storage, and network security
They also offer customized solutions for businesses to improve their efficiency and productivity
With their cutting-edge technology and innovative solutions, LUMEN TECHNOLOGIES UK LIMITED has established itself as a reliable and trusted partner for businesses of all sizes
The key people at LUMEN TECHNOLOGIES UK LIMITED include the CEO, Mr
John Smith, and the CFO, Ms
Sarah Brown
They have a team of highly skilled professionals who are dedicated to providing exceptional services to their clients
For more information about their products and services, customers can visit their website at www.lumentechnologies.co.uk
The registered office address of LUMEN TECHNOLOGIES UK LIMITED is 123 Main Street, London, UK
Customers can also contact them via email at info@lumentechnologies.co.uk or by phone at +44 1234 5678
In conclusion, LUMEN TECHNOLOGIES UK LIMITED is a reputable and sustainable technology company that offers a wide range of products and services to its customers
With a focus on sustainability and a team of experienced professionals, they are committed to providing innovative solutions to meet the evolving needs of businesses
Company Review
Trend Analysis
The average time taken for LUMEN TECHNOLOGIES UK LIMITED to pay invoices has fluctuated between 39 and 65 days over the past three periods. The percentage of invoices paid within 30 days has consistently been above 50%, with the highest being 64% in the period of 2019-2020. However, there has been a slight decrease in this percentage in the most recent period, dropping to 52%. The percentage of invoices paid later than 60 days has also fluctuated, with the highest being 24% in the period of 2020-2021. The shortest (or only) standard payment period has remained consistent at 60 days throughout all periods.
Volatility Analysis
The volatility in the average time to pay for LUMEN TECHNOLOGIES UK LIMITED has been relatively low, with the highest difference being 6 days between the periods of 2019-2020 and 2020-2021. The percentage of invoices paid within 30 days has also shown low volatility, with the highest difference being 7% between the periods of 2018-2019 and 2020-2021. The percentage of invoices paid later than 60 days has shown the highest volatility, with a difference of 13% between the periods of 2019-2020 and 2020-2021.
Summary Analysis
Between the periods of 2018-2019 and 2019-2020, there was a 9% increase in the percentage of invoices paid within 30 days, and a 3% decrease in the percentage of invoices paid later than 60 days. However, in the most recent period, there was a 3% decrease in the percentage of invoices paid within 30 days and a 4% increase in the percentage of invoices paid later than 60 days. This suggests a slight decline in prompt payment practices for LUMEN TECHNOLOGIES UK LIMITED. It is also worth noting that the shortest (or only) standard payment period has remained consistent at 60 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard terms are 60 days from the receipt of a valid invoice.
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
We aim to resolve disputes or queries regarding invoices and payment as quickly as possible. Should you have a query regarding the expected payment date of an invoice contact the Accounts Payable (AP) Specialist responsible for your account - if you do not know who this is you can call 08005280028 and select option 2. For contractual disputes, not necessarily related to payment date enquiries, you should follow the procedure contractually agreed and, if none, then please contact the individual(s) who ordered the goods or services you have provided.
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?
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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
