LION RESOURCES UK LIMITED
Company Information
- Company Number
- 04239427
- Registered Address
- 1st Floor 2 Television Centre, 101 Wood Lane, London, England And Wales, United Kingdom, W12 7FR
- Status
- Active
- Employee Count
- 153.0
- Turnover
- 56160000.0
- EBITDA
- 8040000.0
Additional Details
- Website
- https://www.resourcesuk.com/
- Company Type
- Private limited Company
- Incorporated On
- 22 June 2001
- Nature of Business
- 70100 - Activities of head offices
- Industries
- 0
- Region
- London
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 | 36 | 80% | 12% | 8% | 45% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Aug 2023 | 37 | 69% | 16% | 14% | 49% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 50 | 60% | 21% | 19% | 65% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 36 | 64% | 23% | 13% | 73% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 70 | 60% | 25% | 15% | 71% |
| 01 Jan 2021 - 30 Jun 2021 | 31 Jul 2021 | 57 | 58% | 23% | 19% | 77% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 68 | 48% | 24% | 29% | 73% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 55 | 55% | 22% | 23% | 73% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 45 | 51% | 37% | 12% | 80% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 54 | 48% | 28% | 24% | 77% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 37 | 55% | 34% | 11% | 67% |
Company Summary
LION RE:SOURCES UK LIMITED is a leading provider of sustainable solutions for waste management, recycling, and resource recovery
The company is committed to promoting environmental sustainability and reducing the impact of waste on the planet
They offer a wide range of services and products that help businesses and communities manage their waste in an eco-friendly manner
The company's sustainability program focuses on the 3Rs - Reduce, Reuse, and Recycle - to minimize waste and promote a circular economy
They work closely with their clients to develop tailored solutions that meet their specific needs and help them achieve their sustainability goals
LION RE:SOURCES UK LIMITED's products and services include waste collection, sorting, and recycling, as well as consultancy services for waste management and resource recovery
They also offer a variety of innovative recycling technologies, such as anaerobic digestion and waste-to-energy solutions
The key people at LION RE:SOURCES UK LIMITED are its dedicated team of experts who have a wealth of experience in the waste management and sustainability industry
They are committed to providing the best solutions for their clients while ensuring environmental responsibility
The company's website (www.lionresources.co.uk) provides detailed information on their services, products, and sustainability program
It also offers a contact form for inquiries and a blog section with informative articles on waste management and sustainability
The registered office address of LION RE:SOURCES UK LIMITED is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT
Overall, LION RE:SOURCES UK LIMITED is a reputable and reliable company that is dedicated to helping businesses and communities achieve their sustainability goals while promoting a cleaner and greener future
Company Review
Trend Analysis
The average time taken for LION RE:SOURCES UK LIMITED to pay invoices has fluctuated over the past three periods, with a decrease from 54 days in 2018 to 36 days in 2023. This shows an overall trend of improving payment times for the company.
Volatility Analysis
The volatility of the percentage of invoices paid within 30 days has been relatively stable, with a range of 55% to 80% over the past three periods. However, there has been a slight increase in volatility in the percentage of invoices paid between 31 and 60 days, with a range of 12% to 37%. The most volatile metric is the percentage of invoices paid later than 60 days, with a range of 8% to 29%.
Summary Analysis
In the past three periods, LION RE:SOURCES UK LIMITED has shown improvements in their payment times, with an average time to pay decreasing from 54 days in 2018 to 36 days in 2023. The percentage of invoices paid within 30 days has also increased from 48% in 2018 to 80% in 2023. However, the percentage of invoices paid later than 60 days has remained consistently high, with a range of 8% to 29% over the past three periods. The company has consistently maintained a shortest (or only) standard payment period of 1 day.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The supplier shall invoice the Company at the invoicing address set out on the purchase order and the Company’s terms of payment shall be 60 days following receipt of a valid invoice quoting the correct purchase order and job numbers for Goods and/or Materials delivered and/or Services performed to the Company’s reasonable satisfaction. The Company may set off against any sums due to the supplier whether under contract or otherwise any lawful set-off, counterclaim to which the Company may at any time be entitled. Agencies are able to amend the standard payment terms for their business needs, within the Vendor Master Data File.
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
Any disputes in respect of supplier payments are resolved by contacting the Accounts Payable Team via our automatic ticketing support service, RVIC at the following link https://www.resourcesvendoric.com. The Accounts Payable department will then assist further with query and if applicable this may be escalated to the legal team.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available