Industry ranking
| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 46 | 42% | 38% | 20% | 45% |
| 01 Jan 2025 - 29 Jun 2025 | 30 Jul 2025 | 45 | 44% | 37% | 19% | 38% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 43% | ||||
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 38 | 53% | 33% | 14% | 31% |
| 03 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 51 | 47% | 34% | 19% | 39% |
| 01 Jan 2023 - 02 Jul 2023 | 25 Jul 2023 | 50 | 43% | 36% | 21% | 36% |
| 27 Jun 2022 - 31 Dec 2022 | 31 Jan 2023 | 58 | 38% | 42% | 20% | 45% |
| 01 Jan 2022 - 26 Jun 2022 | 27 Jul 2022 | 52 | 25% | 51% | 24% | 58% |
| 28 Jun 2021 - 31 Dec 2021 | 31 Jan 2022 | 52 | 26% | 50% | 24% | 57% |
| 01 Jan 2021 - 27 Jun 2021 | 30 Jul 2021 | 56 | 20% | 54% | 26% | 53% |
| 01 Jan 2020 - 28 Jun 2020 | 29 Jul 2020 | 54 | 17% | 64% | 19% | 65% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 64 | 17% | 59% | 24% | 60% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 55 | 21% | 51% | 27% | 61% |
| 02 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 49 | 27% | 55% | 18% | 23% |
| 01 Jan 2018 - 01 Jul 2018 | 19 Jul 2018 | 37 | 9% | 77% | 14% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Majority of our suppliers are on 30 days, start by offering 60 days however most suppliers tend to enforce 30 days
Were there any changes to the standard payment terms in the reporting period?
Suppliers do ask for improved terms and these will be negotiated by procurement and senior management
Any other information about payment terms
No further comment provided
Maximum contractual payment period agreed
120
Invoice queries are dealt with in a timely manner, to ensure invoices are paid on time. Relevent departments are sent invoices when queries arise.
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
Magnesium Elektron Limited, registered at Lumns Lane, Manchester, trades as Luxfer MEL Technologies and forms part of the Luxfer Group (NYSE:LXFR). The company manufactures magnesium alloys and zirconium-based chemicals, including mixed oxides, oxides, hydroxides and soluble salts, supplying aerospace, automotive, energy and other industrial sectors. Its magnesium alloys are used in aircraft and vehicle castings and space applications, while its zirconium products serve catalytic converters, sensors, capacitors and batteries. The site describes it as combining decades of technical expertise with a supply chain running from mineral extraction through to finished products. Its Manchester site traces back to the original Magnesium Elektron plant established in the 1930s, with zirconium chemical production developed from the 1940s onward.
Generated from the company's website and Companies House records. Sources: luxfermeltechnologies.com · luxfermeltechnologies.com · luxfermeltechnologies.com