LEASYS UK LTD
Company Information
- Company Number
- 03385187
- Registered Address
- 250 Bath Road, Slough, SL1 4DX
- Status
- Active
- Employee Count
- 24.0
- Turnover
- 52009000.0
- EBITDA
- 60494000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 11 June 1997
- Nature of Business
- 77110 - Renting and leasing of cars and light motor vehicles
- Industries
- Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- South East
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 |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 21 | 82% | 9% | 9% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 30 | 75% | 12% | 13% | 29% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 24 | 76% | 15% | 9% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 21 | 80% | 13% | 7% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 21 | 81% | 12% | 7% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 22 | 81% | 11% | 8% | 18% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 22 | 82% | 10% | 8% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jan 2021 | 20 | 81% | 12% | 7% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 18 | 85% | 11% | 4% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2021 | 16 | 86% | 10% | 4% | 17% |
Company Summary
LEASYS UK LTD is a leading automotive company that offers a wide range of sustainable mobility solutions
They are committed to providing innovative and eco-friendly products and services to their customers
Their sustainability program focuses on reducing their carbon footprint by promoting the use of electric and hybrid vehicles
They also offer car sharing and rental services, reducing the need for individual car ownership and promoting a more sustainable mode of transportation
The company's key people include their CEO, Alberto Grippo, who has over 20 years of experience in the automotive industry
Their team also includes experts in electric and hybrid vehicles, as well as sustainability and environmental management
LEASYS UK LTD's website (https://www.leasys.com/uk/en) provides detailed information about their products and services, as well as their sustainability efforts
Their registered office address is at 240 Bath Road, Slough, SL1 4DX, United Kingdom
In summary, LEASYS UK LTD is a pioneering company in the automotive industry, dedicated to promoting sustainable mobility through their innovative products and services
With a strong focus on reducing their environmental impact, they are leading the way towards a greener future
Company Review
Trend Analysis
The average time taken for LEASYS UK LTD to pay invoices to suppliers has increased steadily from 2019 to 2022, with a slight decrease in 2023. The percentage of invoices paid within 30 days has also decreased over the years, while the percentage of invoices paid later than 60 days has shown a slight increase. This trend suggests that LEASYS UK LTD may be experiencing financial difficulties or delays in their payment process.
Volatility Analysis
The volatility in LEASYS UK LTD's payment process can be seen in the fluctuation of the average time to pay, which has ranged from 16 days to 30 days over the past three years. The percentage of invoices paid within 30 days has also shown some volatility, ranging from 75% to 86%. This volatility could be a result of changes in the company's financial situation or internal processes.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Leasys UK Ltd does not have standard payment terms. Payment terms are agreed with suppliers at inception at the contract. The most common payment terms are 7 days.
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
Leasys UK Ltd's dispute resolution process: All queries are routed in the first instance via the company's central Accounts Payable mailbox. The Accounts Payable Department liaises with suppliers and internal stakeholders in order to resolve open queries and disputes.
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
