LGC LIMITED
Company Information
- Company Number
- 02991879
- Registered Address
- The Priestley Centre 10 Priestley Road, Surrey Research Park, Guildford, England, GU2 7XY
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 November 1994
- Nature of Business
- 74909 - Other professional, scientific and technical activities not elsewhere classified
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
LGC LIMITED consistently demonstrates a trend of extended payment cycles, with an average payment time of 48 days and a significant 37% of invoices paid over 60 days. This indicates a sustained pattern of slower-than-average payment processing that suppliers should anticipate.
Volatility Analysis
The 40% late payment rate and 37% of payments exceeding 60 days signal considerable volatility and unpredictability in payment timing from LGC LIMITED. This introduces a heightened cash flow risk for suppliers, as a substantial portion of invoices will not be settled within standard terms.
Summary Analysis
Suppliers engaging with LGC LIMITED should expect significant payment delays and must proactively manage their cash flow projections to account for the extended cycles. It is advisable to establish clear, robust payment terms and consider strategies like shorter payment windows or partial upfront payments to mitigate the identified credit and liquidity risks.
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 Apr 2025 - 30 Sept 2025 | 28 Oct 2025 | 48 | 43% | 20% | 37% | 40% |
| 01 Oct 2024 - 31 Mar 2025 | 15 Apr 2025 | 40 | 52% | 23% | 25% | 51% |
| 01 Apr 2024 - 30 Sept 2024 | 28 Oct 2024 | 43 | 50% | 22% | 28% | 42% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 43 | 47% | 25% | 27% | 47% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 51 | 41% | 24% | 36% | 44% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 46 | 44% | 26% | 31% | 50% |
| 01 Apr 2022 - 30 Sept 2022 | 17 Oct 2022 | 47 | 40% | 24% | 36% | 40% |
| 01 Oct 2021 - 31 Mar 2022 | 19 Apr 2022 | 46 | 39% | 30% | 31% | 60% |
| 01 Apr 2021 - 30 Sept 2021 | 13 Oct 2021 | 52 | 29% | 33% | 38% | 53% |
| 01 Oct 2020 - 31 Mar 2021 | 15 Apr 2021 | 52 | 23% | 36% | 41% | 66% |
| 01 Apr 2020 - 30 Sept 2020 | 02 Nov 2020 | 52 | 24% | 38% | 38% | 64% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 58 | 19% | 36% | 45% | 70% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 55 | 18% | 39% | 43% | 77% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 50 | 23% | 38% | 39% | 72% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 52 | 19% | 40% | 41% | 76% |
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
Unless otherwise agreed between the parties, LGC Limited pays approved invoices within 60 days from the end of the month of whichever is the later of; (a) receipt of invoice; or (b) final completion of the services or final delivery of goods.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
For operational business reasons LGC Limited schedules two supplier payment runs per month (mid-month and month-end). Therefore, in accordance with the defined calculating methodology, payments due by LGC Limited one day before the end of the month will be measured as late. For payments made within 5 days of the due date the measure for LGC Limited for invoices due but not paid within agreed terms is 20%.
Maximum contractual payment period agreed
120
Dispute Resolution Process
Payment processing is managed within LGC Limited by the Accounts Payable function and any delayed supplier payment queries that may arise are actioned by this team. In the event they are unable to resolve the matter, or if the dispute relates to services/goods provided or received, the query will be discussed between the supplier and the relevant functional/operational manager or finance/legal/procurement personnel to ensure satisfactory resolution. All queries on supplier invoices and payments should be directed to payable.accounts.uk@lgcgroup.com.
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.
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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
LGC LIMITED operates as a private limited company, representing a common legal structure for businesses in the United Kingdom
The company was incorporated on 18 November 1994 and holds the company number 02991879, maintaining an active status
Its registered office is situated at The Priestley Centre 10 Priestley Road, Surrey Research Park, Guildford, England, GU2 7XY, locating its base within the South East region
As a private limited company, LGC LIMITED belongs to an organisational type prevalent in the UK market
Companies structured in this manner are capable of operating across diverse industries, typically providing a wide spectrum of goods and services to various consumer and business markets
