| 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 Nov 2018 - 30 Apr 2019 | 03 Jul 2019 | 50 | 15% | 67% | 18% | 33% |
| 01 May 2018 - 31 Oct 2018 | 05 Dec 2018 | 40 | 24% | 71% | 5% | 37% |
| 01 Nov 2017 - 30 Apr 2018 | 08 Nov 2018 | 41 | 22% | 72% | 6% | 25% |
| 01 May 2017 - 31 Oct 2017 | 09 Feb 2018 | 42 | 17% | 79% | 4% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We have various payment terms with suppliers as follows: 7D - 7 Days 14D - 14 Days 15D - 15 Days 20D - 20 Days 20DM - 20Days following the invoice month 30D - 30 Days 30DM - 30 Days following the invoice month 30DM+15 - 45 Days following the invoice month 30DM+6 - 36 Days following the invoice month 60D - 60 Days 60DM - 60 Days following the invoice month 65DM - 65 Days following the invoice month
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The majority of our transactions come within our 30DM Terms (65%)
Maximum contractual payment period agreed
95
Majority of disputes are owing to short deliveries or stock conditions. These are normally resolved by the purchase order process, through the buying team. Any other disputes are usually resolved by telephone and email correspondence via the accounts department
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
Lexon (UK) Limited is a wholesaler of pharmaceutical goods, registered in Redditch, Worcestershire. Its SIC classification confirms wholesale distribution of pharmaceutical products. The company is part of a wider group, being controlled by Lexon UK Holdings Limited since 2018, and it holds subsidiaries including Norchem Limited and Northamptonshire Healthcare Alliance Ltd. Companies House records show the business operating multiple freehold and leasehold properties across Worcestershire, West Yorkshire and County Durham, consistent with warehousing and distribution operations. It remains an active private limited company, having been incorporated in 1995 and undergone several changes of registered address over the years.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk