LENDLEASE DEVELOPMENT (EUROPE) LIMITED
Company Information
- Company Number
- 02946679
- Registered Address
- 5 Merchant Square, Level 9, London, England, W2 1BQ
- Status
- Active
- Employee Count
- 0
- Turnover
- £26,290,000
- EBITDA
- -£7,829,000
Additional Details
- Website
- https://lendlease.com
- Company Type
- Private limited Company
- Incorporated On
- 4 July 1994
- Nature of Business
- 41100 - Development of building projects
- Industries
- Property, Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 2020 - 30 Jun 2020 | 28 Jul 2020 | 30 | 78% | 16% | 7% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 26 | 81% | 15% | 4% | 17% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 31 | 67% | 29% | 4% | 24% |
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
The Company’s standard payment terms for non-construction contract related payments is 30 days. For construction contracts the payment terms are largely dependent on the specific requirements of individual projects. When calculating the number of days to make payment for construction contracts in this reporting period, the Company has reported the time to pay from the due date to the final date for payment. In prior periods it had added 7 days to reflect the general range of days between an application date and a due date for those contracts governed by the Housing Grant, Constriction and Regeneration Act 1996.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The Company operates on standard payment terms of 30 days for non-construction related contracts, unless the Company agrees to different terms requested by a supplier.
Maximum contractual payment period agreed
60
Dispute Resolution Process
All queries regarding non-payment of invoices should be discussed with the Lendlease contact as specified on the Lendlease Purchase Order. Escalation can be managed through the Lendlease Customer Service team. Further escalation will be managed internally when required. For any qualifying subcontracts, any dispute or difference between the parties are subject to the laws of England and Wales and the jurisdiction of the English courts. Payment under construction contracts is subject to statutory adjudication pursuant to the Housing Grant, Construction and Regeneration Act 1996. Only a very small proportion of our payments become the subject to the adjudication and/or court proceedings.
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?
❌
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
LENDLEASE DEVELOPMENT (EUROPE) LIMITED is a leading property and infrastructure development company based in London, United Kingdom. They specialize in sustainable development and have a strong commitment to creating innovative and environmentally-friendly projects.
Their sustainability program focuses on four key areas: climate change, resource efficiency, social value, and responsible supply chain management. They have set ambitious targets to reduce their carbon footprint, increase the use of renewable energy, and promote sustainable practices in their operations.
The company offers a wide range of products and services including residential and commercial property development, construction, and asset management. They have a diverse portfolio of projects, ranging from large-scale urban regeneration to smaller community developments.
The key people at LENDLEASE DEVELOPMENT (EUROPE) LIMITED include the CEO, Neil Martin, and the Managing Director, Jonathan Emery. They have a team of experienced professionals who are dedicated to delivering high-quality, sustainable projects.
The company's website address is https://www.lendlease.com/uk/ and their registered office address is 20 Triton Street, London NW1 3BF, United Kingdom. They also have offices in various locations across Europe, Asia, and the Americas.
In conclusion, LENDLEASE DEVELOPMENT (EUROPE) LIMITED is a reputable and forward-thinking company that is committed to sustainability in all aspects of their business. Their innovative projects, experienced team, and strong focus on sustainability make them a leader in the property and infrastructure development industry.
