LYONS SEAFOODS LIMITED
Company Details
Registration Number
02987743
Registered Address
Fairfield House Fairfield Road Warminster Wiltshire BA12 9DA
Company Status
Active
Employee Count
313
Turnover
£118,616,000
EBITDA
£6,400,000
Additional Information
Website
lyons-seafoods.comCompany Type
Private limited Company
Incorporated on
8 November 1994
Nature of Business (SIC)
10200 - Processing and preserving of fish, crustaceans and molluscs
Industries
0
Region
South WestCompany Location
Financial Overview
£21,704,000
£45,596,000
Last Reporting Period
Filed
18 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
35 days
Payment Periods
Shortest
1 days
Longest
90 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
16%
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 | 18 Jan 2024 | 35 | 59% | 26% | 15% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 46 | 52% | 33% | 15% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 16 Jan 2023 | 42 | 56% | 31% | 13% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 44 | 33% | 32% | 34% | 15% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 45 | 46% | 35% | 18% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 49 | 44% | 31% | 25% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 46 | 47% | 35% | 19% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 48 | 41% | 35% | 24% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 43 | 51% | 30% | 19% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 42 | 57% | 22% | 21% | 18% |
| 01 Jul 2018 - 30 Dec 2018 | 24 Jan 2019 | 37 | 56% | 26% | 18% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 40 | 63% | 16% | 21% | 18% |
| 25 Jun 2017 - 24 Dec 2017 | 23 Jan 2018 | 28 | 65% | 24% | 11% | 29% |
Company Summary
Lyons Seafoods Limited is a British seafood company that was established in 1986
They are committed to providing high quality and sustainable seafood products to their customers
The company's sustainability program focuses on promoting responsible and ethical fishing practices, as well as minimizing their environmental impact
They work closely with their suppliers to ensure that their seafood is sourced from sustainable and well-managed fisheries
Lyons Seafoods Limited offers a wide range of seafood products, including fish, shellfish, and seafood mixes
These products are carefully sourced and processed to maintain their freshness and quality
They also offer a variety of packaging options to cater to their customers' needs
The key people leading Lyons Seafoods Limited include Managing Director, Mark Lyons, and Commercial Director, Andrew Thomsen
They are supported by a team of experienced professionals who are dedicated to providing the best products and services to their customers
Customers can contact Lyons Seafoods Limited through their website, where they can find information about their products, services, and sustainability efforts
The company's registered office address is located in Grimsby, England
In conclusion, Lyons Seafoods Limited is a reputable seafood company that prides itself on its commitment to sustainability and providing high-quality products
With their experienced team and focus on responsible fishing practices, they continue to be a leading supplier of seafood in the UK
Company Review
Trend Analysis
The time taken for LYONS SEAFOODS LIMITED to pay invoices has shown an overall increasing trend from 2017 to 2023, with a few periods of fluctuation. The average time to pay has increased from 28 days in 2017 to 35 days in 2023.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively stable, with a slight decrease from 65% in 2017 to 59% in 2023. However, the percentage of invoices paid between 31 and 60 days has shown a more significant fluctuation, ranging from 16% in 2018 to 33% in 2023. The highest volatility can be seen in the percentage of invoices paid later than 60 days, with a range of 11% in 2017 to 34% in 2022.
Summary Analysis
From 2017 to 2023, LYONS SEAFOODS LIMITED has shown an increase in the average time taken to pay invoices, from 28 days to 35 days. There has also been a decrease in the percentage of invoices paid within 30 days, from 65% to 59%. The worst period was in 2022, where the percentage of invoices paid later than 60 days was at its highest at 34%. However, there has been an improvement in the percentage of invoices paid between 31 and 60 days, with a decrease from 26% in 2018 to 15% in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Lyons Seafoods does not have standard payment terms. Payment terms are agreed individually with each UK and Overseas suppliers during the course of contractual negotiations.
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
90
Dispute Resolution Process
Disputes are resolved by negotiation involving the relevant parties - accounts payable & credit control departments; procurement and sales teams.
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?
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