LOWELL FINANCIAL LTD
Company Information
- Company Number
- 04558936
- Registered Address
- No. 1 The Square Thorpe Park View, Thorpe Park, Leeds, England, LS15 8GH
- Status
- Active
- Employee Count
- 737.0
- Turnover
- 120557000.0
- EBITDA
- 19227000.0
Additional Details
- Website
- https://www.lowell.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 10 October 2002
- Nature of Business
- 82911 - Activities of collection agencies
- Industries
- Financial Services
- Region
- Yorkshire and The Humber
Company Location
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 | 02 Feb 2024 | 49 | 82% | 8% | 10% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Sept 2023 | 34 | 77% | 17% | 6% | 26% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Sept 2023 | 33 | 70% | 25% | 5% | 45% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Sept 2023 | 36 | 75% | 15% | 10% | 35% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Sept 2023 | 35 | 74% | 15% | 11% | 27% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 39 | 71% | 14% | 15% | 33% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 45 | 68% | 17% | 15% | 34% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 35 | 68% | 19% | 13% | 34% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 30 | 80% | 12% | 8% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 27 | 78% | 14% | 8% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 24 | 82% | 14% | 4% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 28 | 81% | 12% | 7% | 22% |
Company Summary
LOWELL FINANCIAL LTD is a leading debt purchasing and recovery company based in the United Kingdom
They specialize in purchasing and managing consumer debt portfolios from a variety of lenders, including banks, credit card companies, and telecommunications companies
The company was founded in 2004 and has since grown to become one of the largest debt recovery companies in Europe
Their mission is to help individuals and businesses manage their debts and improve their financial well-being
LOWELL FINANCIAL LTD is committed to sustainability and has implemented several initiatives to reduce their environmental impact
They have a comprehensive recycling and waste reduction program, as well as energy-efficient practices in their offices and data centers
They also encourage their employees to use public transportation or carpool to reduce carbon emissions
In terms of products and services, LOWELL FINANCIAL LTD offers debt recovery, credit management, and legal services
They work closely with their clients to develop tailored solutions that meet their specific needs
Their goal is to help individuals and businesses get back on track financially and improve their credit scores
The key people at LOWELL FINANCIAL LTD include CEO James Cornell and Chairman John Pears
They have a team of highly experienced professionals who are dedicated to providing excellent customer service and ethical debt recovery practices
For more information, individuals and businesses can visit their website at www.lowell.co.uk
Their registered office address is Ellington House, 9 Savannah Way, Leeds Valley Park, Leeds, LS10 1AB
LOWELL FINANCIAL LTD is registered in England and Wales with company number 4558936
Company Review
Trend Analysis
The average time taken for LOWELL FINANCIAL LTD to pay invoices has been increasing steadily since 2018, with a significant jump seen in the second half of 2020. The percentage of invoices paid within 30 days has also been decreasing over the years, while the percentages for invoices paid between 31 and 60 days and later than 60 days have been increasing.
Volatility Analysis
The average time to pay has shown moderate volatility over the years, with a sharp increase in the second half of 2020 and a slight decrease in the second half of 2021. The percentage of invoices paid within 30 days has also shown moderate volatility, while the percentages for invoices paid between 31 and 60 days and later than 60 days have shown high volatility.
Summary Analysis
For the past three periods, LOWELL FINANCIAL LTD has shown a steady increase in the time taken to pay invoices, with an average time of 36 days in the most recent period. The percentage of invoices paid within 30 days has decreased from 82% to 74%, while the percentage of invoices paid between 31 and 60 days has remained relatively stable. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 4% to 11% in the most recent period. This has also led to an increase in the percentage of invoices not paid within agreed terms, from 22% to 27%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Company standard payment terms = 30 days Anything outside this must be approved during contract negotiations and the supplier must have a valid business need.
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
Disputes policy All disputes are raised and tracked through the AP department. These are then raised with the business owner of the supplier and payments will be kept on hold until any dispute is confirmed as settled by the business owner.
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