LAGARDRE TRAVEL RETAIL UK LTD
Company Information
- Company Number
- 05092104
- Registered Address
- Number 22 Mount Ephraim, Tunbridge Wells, Kent, TN4 8AS
- Status
- Active
- Employee Count
- 287
- Turnover
- £118,320,000
- EBITDA
- £7,608,000
Additional Details
- Website
- https://lagardere.com
- Company Type
- Private limited Company
- Incorporated On
- 2 April 2004
- Nature of Business
- 47190 - Other retail sale in non-specialised stores
- Industries
- Supply Chain
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Performance Reports History
| 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% |
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
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
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.
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
LAGARDÈRE TRAVEL RETAIL (UK) LTD is a leading international travel retail company that operates in over 30 countries, including the UK. They specialize in the distribution of duty-free goods, as well as food and beverage services, in airports, train stations, and other travel hubs.
Their sustainability program focuses on reducing waste, promoting sustainable sourcing, and supporting local communities. They have implemented initiatives such as reducing plastic packaging, using renewable energy, and partnering with local suppliers.
The company offers a wide range of products and services, including luxury brands, fashion, cosmetics, and electronics. They also provide food and beverage options, from quick snacks to fine dining experiences, in their retail locations.
The key people at LAGARDÈRE TRAVEL RETAIL (UK) LTD include the CEO, Dag Rasmussen, and the Managing Director, Matthew Foxton-Duffy. They are supported by a team of experienced and dedicated professionals who strive to provide exceptional customer service.
For more information about their products and services, customers can visit their website at www.lagardere-tr.com. The registered office address for LAGARDÈRE TRAVEL RETAIL (UK) LTD is 9th Floor, 25 Farringdon Street, London, EC4A 4AB, United Kingdom.
