LKAB HOLDINGS (UK) LIMITED

Company Information

Company Number
04621769
Registered Address
C/O Lkab Minerals Limited, Raynesway, Derby, England, DE21 7BE
Status
Active
Employee Count
0
Turnover
Coming Soon
EBITDA
-£14,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 December 2002
Nature of Business
70100 - Activities of head offices
Industries
Professional Services
Region
East Midlands

Time to Pay

Average Time to Pay
20 days
Shortest Period:10 days
Longest Period:85 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
82%
31-60 Days
13%
After 60 Days
5%
Not Paid Within Terms18%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-08-19
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2019 - 31 Dec 201919 Aug 20202082%13%5%18%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

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

Dispute Resolution Process

Dialogue with suppliers

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

Company Summary

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.

Financial Metrics

Cash
£25,000
Net Worth
£94,133,000
Total Current Assets
£1,746,000
Total Current Liabilities
£6,832,000

Company Location