LKAB MINERALS LIMITED
Company Information
- Company Number
- 03799817
- Registered Address
- C/O Lkab Minerals Limited, Raynesway, Derby, England, DE21 7BE
- Status
- Active
- Employee Count
- 246
- Turnover
- £132,637,000
- EBITDA
- £15,775,000
Additional Details
- Website
- https://francisflower.com/
- Company Type
- Private limited Company
- Incorporated On
- 2 July 1999
- Nature of Business
- 23990 - Manufacture of other non-metallic mineral products not elsewhere classified
- Industries
- Coming Soon
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for LKAB MINERALS LIMITED has increased from 19 days in the first half of 2020 to 23 days in the first half of 2021. This is a 21.1% increase in the time taken to pay invoices on average.
Volatility Analysis
The volatility in the average time to pay for LKAB MINERALS LIMITED is relatively low, with an increase of only 2 days from the first half of 2020 to the first half of 2021.
Summary Analysis
In summary, the data shows that LKAB MINERALS LIMITED has experienced a decrease in prompt payment and an increase in delayed payment in the first half of 2021 compared to the first half of 2020. The average time to pay has increased by 21.1%, with a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days and later than 60 days. The volatility in these metrics is relatively low, but there is a higher volatility in the percentage of invoices paid between 31 and 60 days and later than 60 days.
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 2020 - 31 Dec 2020 | 26 May 2021 | 21 | 85% | 10% | 5% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 26 May 2021 | 19 | 85% | 10% | 5% | 16% |
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
Individually agreed with each supplier
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
90
Dispute Resolution Process
Dialogue with suppliers
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
LKAB MINERALS LIMITED is a leading supplier of industrial minerals, serving a wide range of industries such as construction, agriculture, and manufacturing. The company is committed to sustainability and has a strong focus on reducing its environmental impact and promoting social responsibility.
Their sustainability program includes initiatives to reduce carbon emissions, increase energy efficiency, and promote responsible sourcing and production. They also prioritize health and safety in their operations and strive to create a positive impact on the communities they operate in.
The company offers a wide range of products and services, including iron ore products, industrial minerals, and special products for specific industries. They also provide technical support and expertise to their customers, helping them to optimize their processes and reduce costs.
Key people at LKAB MINERALS LIMITED include CEO Jan Moström and CFO Peter Hansson, both of whom have extensive experience in the mining industry. The company has a global presence with offices and production sites in Europe, Asia, and North America.
Their website address is www.lkabminerals.com, where customers can find information about their products and services, as well as their sustainability efforts. The registered office address is LKAB MINERALS LIMITED, 3rd Floor, 55 Gresham Street, London, EC2V 7QR, United Kingdom.
