| 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 registered as a head office entity (SIC 70100) and its registered address is that of LKAB Minerals Limited in Derby. It functions as a UK holding company within the wider LKAB Group, a Swedish-origin group with roots in iron ore mining dating to 1890. The group's operating business, LKAB Minerals, supplies raw and processed industrial minerals, such as high-density aggregates, calcium products, screed materials, flame retardants and mica, to customers in construction, agriculture, coatings and manufacturing worldwide. LKAB Minerals has offices in twelve countries and delivers over thirty mineral products for more than sixty industrial applications. The holding company itself does not directly trade in these minerals but sits within this corporate structure.
Generated from the company's website and Companies House records. Sources: lkabminerals.com · lkabminerals.com