| 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 2019 - 31 Dec 2019 | 19 Aug 2020 | 20 | 82% | 13% | 5% | 18% |
| 01 Jan 2019 - 31 Jul 2019 | 18 Dec 2019 | 20 | 85% | 9% | 6% | 18% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Dec 2019 | 40 | 88% | 8% | 4% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 15 Aug 2018 | 34 | 39% | 61% | 0% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Individually agreed with each supplier
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dialogue with suppliers
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
LKAB HOLDINGS (UK) LIMITED is a subsidiary of LKAB, a Swedish state-owned mining company. The UK division was established in 1919 and is based in London.
The company's main activities include the production and distribution of iron ore pellets, which are used in the production of steel. LKAB HOLDINGS (UK) LIMITED also offers logistics and warehousing services for their customers.
Sustainability is a key focus for LKAB, and the company has implemented several initiatives to reduce their environmental impact. These include investing in renewable energy sources, such as wind power, and reducing their carbon emissions through efficient transportation methods.
Key people at LKAB HOLDINGS (UK) LIMITED include the Managing Director, Mr. Marcus Hedblom, and the Head of Sustainability, Ms. Petra Nilsson. The company has a team of over 60 employees in the UK.
Customers can contact LKAB HOLDINGS (UK) LIMITED through their website, which also provides information about their products and services. The registered office address for the company is 40 Queen Anne Street, London, W1G 9EL.
In summary, LKAB HOLDINGS (UK) LIMITED is a subsidiary of a Swedish mining company, specializing in the production and distribution of iron ore pellets. The company has a strong focus on sustainability and offers logistics and warehousing services. Their key people include the Managing Director and Head of Sustainability, and customers can contact them through their website or registered office address.