Score of 94/100 qualifies for PaymentCheck Certification
The data shows that there has been a consistent increase in the average time taken for LOWELL PORTFOLIO I LTD to pay invoices to suppliers from 2018-2023. Additionally, the percentage of invoices paid within 30 days has decreased over the years while the percentage of invoices paid later than 60 days has increased.
The data does not show significant volatility in the average time to pay for LOWELL PORTFOLIO I LTD. However, there is a noticeable decrease in the percentage of invoices paid within 30 days in 2021, followed by a slight increase in 2022.
Looking at the data for the past three periods (2021-2023), there has been a significant decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. This suggests that LOWELL PORTFOLIO I LTD may be experiencing financial difficulties or delays in their payment processes.
| 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 2024 - 31 Dec 2024 | 31 Jan 2025 | 30 | 100% | 0% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 44 | 56% | 31% | 13% | 50% |
| 01 Jan 2023 - 30 Jun 2023 | 12 Oct 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 12 Oct 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 12 Oct 2023 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 12 Oct 2023 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
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.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
LOWELL PORTFOLIO I LTD is a UK-based company that specializes in debt purchasing and management. They are committed to sustainability and have a strong focus on responsible business practices.
The company's sustainability program includes initiatives to reduce their carbon footprint, promote diversity and inclusion, and support local communities. They have also implemented responsible debt collection practices, ensuring fair treatment of customers.
LOWELL PORTFOLIO I LTD offers a range of debt management services to both individuals and businesses. This includes debt purchasing, debt recovery, and debt management solutions. They work with a variety of creditors, including banks, telecom companies, and utility providers.
The key people at LOWELL PORTFOLIO I LTD include CEO James Cornell and CFO Colin Storrar. They have a team of over 1,500 employees who are dedicated to providing high-quality services to their clients.
The company's website address is www.lowell.co.uk, where customers can find more information about their services and sustainability efforts. Their registered office address is Ellington House, 9 Savannah Way, Leeds Valley Park, Leeds, LS10 1AB, United Kingdom.
In summary, LOWELL PORTFOLIO I LTD is a reputable debt purchasing and management company in the UK. They are committed to sustainability and responsible business practices, and offer a range of services to help individuals and businesses manage their debts.