LAKEHOUSE CONTRACTS LIMITED
Company Information
- Company Number
- 02603357
- Registered Address
- Craftwork Studios, 1.3 Dufferin Street, London, EC1Y 8NA
- Status
- Liquidation
- Employee Count
- 228
- Turnover
- £96,119,000
- EBITDA
- £8,232,000
Additional Details
- Website
- https://lakehouse.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 19 April 1991
- Nature of Business
- 41100 - Development of building projects41201 - Construction of commercial buildings41202 - Construction of domestic buildings
- Industries
- Property, Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for Lakehouse Contracts Limited to pay invoices has decreased over the past three periods, from an average of 49 days in Oct 2017 - Mar 2018, to 40 days in Apr 2018 - Sep 2018, and finally to 35 days in Oct 2018 - Mar 2019.
Volatility Analysis
The volatility of invoice payment times for Lakehouse Contracts Limited has also decreased over the past three periods. In Oct 2017 - Mar 2018, 29% of invoices were paid later than 60 days, compared to 25% in the following period, and finally only 20% in the most recent period.
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 Oct 2017 - 31 Mar 2018 | 22 Apr 2018 | 49 | 26% | 45% | 29% | 91% |
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
LHC Ltd agrees payment terms with suppliers and subcontractors as part of contract negotiations. Payment terms vary from immediately due to 60 days from date of invoice. Our initial standard terms are 30 days for vendors and 45 days for subcontractors.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
LHC is committed to fair dealings with all its supply chain members as a key principle, which includes fair payment terms. Where agreement of payment from the end customer is delayed there can be an impact on payments to the supply chain due to rectification or validation of certain works performed by the supply chain. In those circumstances payments to the supply chain partners is done as soon as reasonably practical.
Maximum contractual payment period agreed
60
Dispute Resolution Process
LHC actively seeks to resolve disputes by discussion with relevant suppliers and the Accounts Payable team as first point. Thereafter Commercial teams or management may be involved. Where no agreement can be reached other dispute resolution processes are used such as mediation, adjudication and litigation and/or arbitration.
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
Company Summary
LAKEHOUSE CONTRACTS LIMITED is a UK-based construction and property services company that specializes in providing sustainable solutions for both residential and commercial properties. The company was established in 2001 and has since grown to become a leading player in the industry.
The company offers a wide range of services including construction, refurbishment, maintenance, and energy efficiency solutions. They are committed to sustainability and have implemented a comprehensive sustainability program to ensure their operations have minimal impact on the environment.
Their sustainability program includes initiatives such as using eco-friendly materials, reducing waste and carbon emissions, and promoting energy-efficient practices. They also work closely with clients to develop sustainable solutions tailored to their specific needs.
The company's portfolio includes projects for both public and private sector clients, and they have a strong track record of delivering high-quality, sustainable projects on time and within budget. Their team consists of experienced professionals who are dedicated to providing excellent customer service and delivering projects to the highest standards.
Key people at LAKEHOUSE CONTRACTS LIMITED include the Managing Director, David Armstrong, and the Director of Sustainability, Sarah Hughes. The company's registered office address is at Lakehouse, Dorking Business Park, Station Road, Dorking, Surrey RH4 1HJ.
Their website, www.lakehouse.co.uk, provides detailed information about their services, projects, and sustainability initiatives. It also includes contact information for potential clients and job seekers. Overall, LAKEHOUSE CONTRACTS LIMITED is a reputable and sustainable company that continues to make a positive impact in the construction and property services industry.
