The average time taken for LAGARDÈRE TRAVEL RETAIL (UK) LTD to pay invoices to suppliers has been increasing over the past three years, with a significant increase in the first two periods and a slight decrease in the most recent period.
The volatility of payment time has also increased over the past three years, with a significant increase in the first two periods and a slight decrease in the most recent period.
| 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 2023 - 31 Dec 2023 | 30 Jan 2024 | 41 | 36% | 54% | 10% | 25% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 41 | 36% | 55% | 9% | 25% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Feb 2023 | 38 | 43% | 46% | 11% | 33% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 33 | 50% | 48% | 2% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 29 | 68% | 29% | 3% | 43% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 34 | 52% | 43% | 5% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 42 | 31% | 59% | 11% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 39 | 34% | 60% | 6% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 38 | 36% | 59% | 5% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 37 | 39% | 55% | 6% | 30% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 37 | 39% | 56% | 5% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most frequently used payment terms for qualifying contract by number of invoices is 30 days from invoice date (30JF)
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
Supplier disputes should be raised with a member of the Lagardere Travel Retail UK Limited account payable team either by Email or Telephone. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. Once resolved the supplier will be paid in accordance with its payment terms or if the invoice is past due then on the next payment run.
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
Lagardère Travel Retail (UK) Ltd is the UK subsidiary of Lagardère Travel Retail, the travel retail division of the France-based Lagardère group. The wider division operates retail outlets in travel locations such as airports and railway stations worldwide, including duty free stores and outlets under brands like Relay, and has recently opened flagship stores at Heathrow Terminal 2 and taken over duty free operations at Amsterdam Schiphol. The UK entity's registered business classification is other retail sale in non-specialised stores. As part of the wider Lagardère group, which also includes publishing and media divisions, this company's own role is confined to travel retail operations within the United Kingdom.
Generated from the company's website and Companies House records. Sources: lagardere.com · lagardere.com