Industry ranking
The trend for LONDON CLUBS LSQ LIMITED is generally positive, with a decrease in the average time to pay invoices over the past three periods. However, there was a notable increase in the average time to pay in the most recent period.
The volatility for LONDON CLUBS LSQ LIMITED is relatively stable, with minor fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there is a significant increase in the percentage of invoices paid later than 60 days in the last two periods, indicating potential issues with late payments.
| 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 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 50 | 26% | 51% | 23% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 51 | 23% | 55% | 22% | 33% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 60 | 28% | 43% | 29% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 76 | 31% | 40% | 29% | 24% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 60 | 21% | 52% | 27% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | 49 | 23% | 55% | 22% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 49 | 19% | 58% | 23% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 49 | 20% | 58% | 22% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 50 | 13% | 64% | 23% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are to make payment by BACS in a monthly payment run, within the first week after the end of the month following the month of receipt by the company of a proper invoice or, if later, after acceptance of the goods in question by the company. In effect, this means that we make payment to suppliers under these terms between 35 and 68 days, depending on the timing within the calendar month that the invoice is received. Exceptions to the above policy are made for smaller suppliers such as entertainers, who are paid in the next available weekly BACS run after their performance. Payment terms may also form part of our commercial negotiations with suppliers where appropriate. Terms may be extended or shortened to provide a more beneficial commercial model to both parties.
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
68
We seek to resolve any disputes in a timely manner through discussion with our suppliers. In the first instance, disputes are handled by the company contact who raised the order. If agreement cannot be reached with the order originator, the matter would be escalated to the Head Office Group Purchasing function, who will review the case and seek to reach a prompt agreement with the supplier.
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
London Clubs LSQ Limited is a UK-registered company classified under gambling and betting activities. Companies House records show its nature of business as gambling and betting, and it is registered at an address in London. No further details of its trading operations or corporate group role are available from the evidence supplied, and its website is currently inaccessible. The company remains active according to official records, but the specific casino, betting or gaming activities it carries out cannot be confirmed beyond its registered SIC classification.
Generated from the company's website and Companies House records.