Registration Number
04621769
Registered Address
C/O Lkab Minerals Limited Raynesway Derby England DE21 7BE
Company Status
Active
Employee Count
0
Turnover
£0
EBITDA
£0
Website
lkabminerals.com/Company Type
Private limited Company
Incorporated on
19 December 2002
Nature of Business (SIC)
70100 - Activities of head offices
Industries
0
Region
East Midlands£25,000
£94,133,000
Filed
19 Aug 2020
Period
01 Jul 2019 - 31 Dec 2019
Average Time to Pay
20 days
Payment Periods
Shortest
10 days
Longest
85 days
Max Contractual
90 days
Not Paid Within Terms
18%
| 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 | |||||
| 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% |
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
The data shows that LKAB HOLDINGS (UK) LIMITED has improved their average time to pay invoices over the past three periods. In the first period, from Jan 2018 to Jun 2018, the average time to pay was 34 days. This decreased to 20 days in the second period (Jul 2018 to Dec 2018) and remained the same in the third period (Jan 2019 to Jul 2019).
There is some volatility in the percentage of invoices paid within 30 days and between 31 and 60 days. In the first period, 39% of invoices were paid within 30 days, which increased to 85% in the third period. However, in the second period, no data is provided. Similarly, the percentage of invoices paid between 31 and 60 days decreased from 61% in the first period to 9% in the third period, but no data is provided for the second period.
In the first period (Jan 2018 to Jun 2018), LKAB HOLDINGS (UK) LIMITED had an average time to pay of 34 days, with 39% of invoices paid within 30 days and 61% paid between 31 and 60 days. No invoices were paid later than 60 days and 10% were not paid within agreed terms.
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
Any other information about payment terms
N/A
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.
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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?
❌
