LEXON (UK) LIMITED
Company Information
- Company Number
- 03076698
- Registered Address
- 18 Oxleasow Road, Moons Moat East, Redditch, Worcestershire, England, B98 0RE
- Status
- Active
- Employee Count
- 58
- Turnover
- £283,469,000
- EBITDA
- £10,000,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 July 1995
- Nature of Business
- 46460 - Wholesale of pharmaceutical goods
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
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 Nov 2018 - 30 Apr 2019 | 03 Jul 2019 | 50 | 15% | 67% | 18% | 33% |
| 01 Nov 2017 - 30 Apr 2018 | 08 Nov 2018 | 41 | 22% | 72% | 6% | 25% |
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
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 transaction come within our 30DM Terns (64%)
Maximum contractual payment period agreed
95
Dispute Resolution Process
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
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
LEXON (UK) LIMITED is a British company that specializes in the design, manufacture, and distribution of lifestyle products. Founded in 1992, the company is headquartered in London and has a strong presence in the European market.
The company's sustainability program focuses on reducing its environmental impact through various initiatives, such as using eco-friendly materials in their products, promoting recycling and waste reduction, and implementing energy-efficient practices in their operations.
LEXON offers a wide range of products, including audio devices, travel accessories, office supplies, and home gadgets. These products are known for their innovative design, functionality, and high-quality materials.
The key people behind LEXON's success include founder and CEO René Adda, who has over 40 years of experience in the design industry, and designer Philip Wong, who has won several awards for his product designs.
For customer inquiries or more information about LEXON's products and services, they can be contacted through their website or by visiting their registered office address at 3-4 Holborn Circus, London, EC1N 2HA, United Kingdom. Their website is www.lexon-design.com. LEXON (UK) LIMITED is committed to providing sustainable and innovative products that enhance the daily lives of their customers in an environmentally responsible way.
