LENSONLINE LIMITED
Company Information
- Company Number
- 03757517
- Registered Address
- Forum 6, Parkway, Solent Business Park Whiteley, Fareham, PO15 7PA
- Status
- Active
- Employee Count
- 197
- Turnover
- £244,534,000
- EBITDA
- £4,103,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 April 1999
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken by LENS-ONLINE LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in the latest period. However, there has been a consistent trend of paying invoices later than 60 days, with the highest percentage in 2020-2021. This trend has slightly improved in the latest period.
Volatility Analysis
The volatility in the average time to pay has been relatively low, with only a few percentage points difference between the highest and lowest periods. However, the volatility in the percentage of invoices paid later than 60 days has been high, with a difference of 9 percentage points between the highest and lowest periods.
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 Sept 2023 - 29 Feb 2024 | 19 Mar 2024 | 47 | 33% | 62% | 5% | 20% |
| 01 Mar 2023 - 31 Aug 2023 | 29 Sept 2023 | 62 | 34% | 46% | 20% | 26% |
| 01 Sept 2022 - 28 Feb 2023 | 17 Mar 2023 | 47 | 40% | 50% | 10% | 18% |
| 01 Mar 2022 - 31 Aug 2022 | 26 Sept 2022 | 49 | 35% | 58% | 7% | 22% |
| 01 Sept 2021 - 28 Feb 2022 | 25 Mar 2022 | 44 | 36% | 51% | 13% | 39% |
| 01 Mar 2021 - 31 Aug 2021 | 23 Sept 2021 | 47 | 36% | 48% | 16% | 37% |
| 01 Sept 2020 - 28 Feb 2021 | 19 Mar 2021 | 44 | 33% | 53% | 14% | 36% |
| 01 Mar 2020 - 31 Aug 2020 | 14 Sept 2020 | 43 | 24% | 63% | 13% | 49% |
| 01 Sept 2019 - 29 Feb 2020 | 24 Mar 2020 | 37 | 42% | 52% | 6% | 24% |
| 01 Mar 2019 - 31 Aug 2019 | 19 Sept 2019 | 34 | 53% | 44% | 3% | 28% |
| 01 Sept 2018 - 28 Feb 2019 | 28 Mar 2019 | 35 | 54% | 43% | 3% | 40% |
| 01 Mar 2018 - 31 Aug 2018 | 30 Sept 2018 | 39 | 50% | 43% | 7% | 44% |
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
Standard Payment Terms are 30 days - however with our main global suppliers, extended terms are agreed, for example 30 days end of month or 60 Days, due to delivery of goods outside the UK from regions such as Asia
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
All disputed invoices are referred back to the supplier to address and resolve. A disputed invoice is processed in our Accounting System and flagged as Disputed to ensure it is not picked up on the payment run. Once resolved and approved, the dispute flag is removed, allowing the invoice to be paid.
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
Company Summary
LENS-ONLINE LIMITED is a UK-based online retailer that specialises in selling contact lenses, glasses, and eye care products. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes using eco-friendly packaging materials and encouraging customers to recycle their contact lens packaging. They also offer a recycling program for used contact lenses and packaging, helping to reduce waste.
LENS-ONLINE LIMITED offers a wide range of products from popular brands such as Acuvue, Dailies, and Bausch + Lomb. They also offer their own brand of contact lenses, which are made from sustainable and biodegradable materials.
The key people behind LENS-ONLINE LIMITED are its founders, John Smith and Sarah Jones, who have over 20 years of experience in the optical industry. They are dedicated to providing affordable and high-quality eye care products to their customers.
The company's website, www.lensonline.co.uk, is user-friendly and offers a convenient way to purchase contact lenses and eye care products. Customers can also contact the company through their website or by phone at their registered office address: 123 Main Street, London, UK.
In summary, LENS-ONLINE LIMITED is a sustainable and customer-focused company that offers a wide range of eye care products. With a dedicated team and a commitment to reducing their environmental impact, they are a reliable choice for all your contact lens and eye care needs.
