LUXFER GAS CYLINDERS LIMITED
Company Information
- Company Number
- 03376625
- Registered Address
- Lumns Lane, Manchester, England, M27 8LN
- Status
- Active
- Employee Count
- 235.0
- Turnover
- 47207000.0
- EBITDA
- 1342000.0
Additional Details
- Website
- https://luxfercylinders.com/
- Company Type
- Private limited Company
- Incorporated On
- 27 May 1997
- Nature of Business
- 25290 - Manufacture of other tanks, reservoirs and containers of metal
- Industries
- 0
- Region
- North West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 |
|---|---|---|---|---|---|---|
| 03 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 56 | 36% | 39% | 25% | 45% |
| 01 Jan 2023 - 02 Jul 2023 | 25 Jul 2023 | 66 | 28% | 39% | 33% | 43% |
| 27 Jun 2022 - 31 Dec 2022 | 30 Jan 2023 | 55 | 28% | 49% | 23% | 35% |
| 01 Jan 2022 - 26 Jun 2022 | 27 Jul 2022 | 48 | 37% | 42% | 21% | 33% |
| 28 Jun 2021 - 31 Dec 2021 | 31 Jan 2022 | 47 | 82% | 11% | 7% | 32% |
| 01 Jan 2021 - 27 Jun 2021 | 30 Jul 2021 | 50 | 41% | 41% | 18% | 35% |
| 29 Jun 2020 - 31 Dec 2020 | 29 Jan 2021 | 46 | 37% | 44% | 18% | 28% |
| 01 Jan 2020 - 28 Jun 2020 | 24 Jul 2020 | 53 | 21% | 50% | 29% | 49% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 44 | 38% | 37% | 25% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 45 | 44% | 35% | 21% | 33% |
| 02 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 43 | 41% | 37% | 22% | 47% |
| 01 Jan 2018 - 01 Jul 2018 | 19 Jul 2018 | 37 | 43% | 41% | 16% | 34% |
Company Summary
LUXFER GAS CYLINDERS LIMITED is a leading manufacturer of high-pressure gas cylinders, serving customers in various industries such as aerospace, medical, and alternative fuels
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes reducing energy consumption, minimizing waste, and promoting recycling
They also prioritize the use of sustainable materials in their products and strive to continuously improve their processes to minimize their carbon footprint
The company offers a wide range of products and services, including lightweight composite cylinders, aluminum cylinders, and specialty gas cylinders
These products are used for various applications such as transportation of gases, storage, and dispensing
At the helm of LUXFER GAS CYLINDERS LIMITED are key people such as CEO Alok Maskara and Chairman John Anderson, who bring years of experience and expertise to the company
Their leadership has helped the company grow and expand its global reach
For more information on their products and services, customers can visit their website at www.luxfercylinders.com
The registered office address of LUXFER GAS CYLINDERS LIMITED is 10 Eaton Avenue, Buckshaw Village, Chorley, Lancashire, PR7 7NA, United Kingdom
Company Review
Trend Analysis
The average time taken for LUXFER GAS CYLINDERS LIMITED to pay invoices has increased from 37 days in the first period to 56 days in the most recent period. The percentage of invoices paid within 30 days has also decreased from 43% to 36% in the same time frame.
Volatility Analysis
The average time taken for LUXFER GAS CYLINDERS LIMITED to pay invoices has fluctuated over the three periods, with the highest being 66 days in the 2023 period and the lowest being 37 days in the 2018 period.
Summary Analysis
In the past three periods, LUXFER GAS CYLINDERS LIMITED has shown an overall trend of increasing the time taken to pay invoices and decreasing the percentage of invoices paid within 30 days. The most significant changes occurred in the 2020 period, where the average time taken to pay invoices increased by 10 days and the percentage of invoices paid within 30 days decreased by 20%. However, in the most recent period (2022), there was a slight improvement in the percentage of invoices paid within 30 days, with 82% being paid on time. The company's shortest standard payment period has remained consistent at 30 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days from invoice date 45 days from end of month of invoice 60 days from invoice date
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
60
Dispute Resolution Process
Our purchase ledger would contact the supplier to investigate the issue and involve purchasing and/or other personnel as required to resolve the dispute.
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.
❌
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
