LARKFLEET LIMITED
Company Information
- Company Number
- 03520125
- Registered Address
- Larkfleet House, Falcon Way, Southfields Business Park, Bourne, Lincolnshire, PE10 0FF
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 2 March 1998
- Nature of Business
- 41202 - Construction of domestic buildings
- Industries
- Property, Infrastructure And Construction
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
LARKFLEET LIMITED's average payment time is 60 days, with the dominant trend showing 56% of payments occurring within the 31-60 day window. However, a significant 37% of payments consistently extend beyond 60 days, indicating a slow overall payment trajectory for a considerable portion of invoices.
Volatility Analysis
The predictability of receiving payments within standard terms is low, as evidenced by 37% of payments going over 60 days and 38% being classified as late. This substantial deviation from typical 30-day terms introduces considerable cash flow volatility and heightened risk for suppliers expecting timely remuneration.
Summary Analysis
Suppliers should anticipate extended payment cycles when dealing with LARKFLEET LIMITED, with a high probability of payments exceeding 60 days. It is recommended to factor in potential delays into cash flow projections and consider mitigation strategies such as negotiating stricter payment terms, requesting partial upfront payments, or utilizing invoice factoring services to manage the identified credit risk.
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 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 60 | 7% | 56% | 37% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 16 May 2019 | 57 | 8% | 63% | 29% | 10% |
| 01 Jan 2018 - 30 Jun 2018 | 16 May 2019 | 60 | 12% | 62% | 26% | 7% |
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
Our payment terms depend on the nature of the supply and the order placed by the Company. Supplier and Sub-contractor payment terms Payment terms for both suppliers and sub-contractors are 45 days from the end of the month in which a valid invoice or application is received. Consultants Payment terms for services provided by consultants comply with the Local Democracy, Economic Development and Construction Act 2009 in which the final payment is 30 days following the due date. The due date is the receipt of a valid application/invoice for payment.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
75
Dispute Resolution Process
Our standard contractual frameworks provide for a dispute resolution process which adopts the Construction Industry Council Model Adjudication Procedures and in accordance with the Local Democracy, Economic Development and Construction Act 2009, either party may refer a dispute to adjudication. Either party has the right to initiate legal proceedings in the UK courts.
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
LARKFLEET LIMITED is an active private limited company operating within the UK corporate framework.
The company was incorporated on 2 March 1998 and is registered under company number 03520125.
Its registered office is located at Larkfleet House, Falcon Way, Southfields Business Park, Bourne, Lincolnshire, PE10 0FF. This places the organisation's primary presence within the East of England.
