Score of 85.8/100 qualifies for PaymentCheck Certification
The average time taken for LANDMARK SPACE LIMITED to pay invoices has fluctuated over the past three periods, with a slight decrease in 2023 compared to 2022. The percentage of invoices paid within 30 days has consistently been above 50%, with a peak of 79% in the last period. The percentage of invoices paid between 31 and 60 days has decreased over the past three periods, with a significant drop in 2023. The percentage of invoices paid later than 60 days has also decreased over the past three periods, with a sharp decline in 2023. The percentage of invoices not paid within agreed terms has fluctuated, with a significant decrease in 2023. The shortest (or only) standard payment period has remained consistent at 30 days.
The average time taken for LANDMARK SPACE LIMITED to pay invoices has been relatively stable, with the biggest change being a decrease of 10% in 2023 compared to the previous period. The percentage of invoices paid within 30 days has shown some volatility, with a peak of 79% in 2023 and a low of 39% in 2018. The percentage of invoices paid between 31 and 60 days has also shown some volatility, with a peak of 52% in 2018 and a low of 20% in 2023. The percentage of invoices paid later than 60 days has shown the most significant decrease, with a peak of 9% in 2018 and a low of 1% in 2023. The percentage of invoices not paid within agreed terms has also shown some volatility, with a peak of 61% in 2020 and a low of 18% in 2023.
| 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 2025 - 31 Dec 2025 | 27 Jan 2026 | 22 | 74% | 25% | 1% | 11% |
| 01 Jan 2025 - 31 Jul 2025 | 29 Jul 2025 | 19 | 79% | 19% | 2% | 20% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 23 | 76% | 23% | 1% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Sept 2024 | 23 | 69% | 30% | 1% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 20 | 79% | 20% | 1% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 24 | 68% | 31% | 1% | 30% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 27 | 58% | 41% | 1% | 33% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 26 | 62% | 36% | 2% | 35% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 25 | 66% | 32% | 2% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 27 | 56% | 42% | 2% | 41% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 26 | 62% | 37% | 1% | 44% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 36 | 47% | 38% | 15% | 61% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 26 | 64% | 34% | 2% | 38% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 32 | 51% | 44% | 5% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 36 | 39% | 52% | 9% | 53% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 30 | 55% | 44% | 1% | 37% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days
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
60
In the event of a dispute Accounts Payable cascade to the procuring centre or head of department who resolve with the supplier directly. The invoice is then goods receipted and paid by accounts payable. Our dedicated invoicing mailbox accountspayable@landmarkspace.co.uk minimises delays and allows us to effectively track invoices from receipt to payment. There is a strict no purchase order / no pay policy, suppliers are instructed not to supply goods or services without a purchase order.
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
Landmark Space Limited is the registered entity behind Elementa Workspace, a flexible workspace operator now trading under the Elementa name. The business provides private offices, coworking spaces, meeting rooms, day offices and virtual offices across London and other UK cities including Bristol, Milton Keynes, Birmingham, Manchester and Reading. Services include enterprise connectivity, 24-7 access, mail handling, meeting spaces and on-site support teams. Founded in 2000, the group states it serves over 11,000 members across 31 UK locations. It positions itself around a workplace design approach it calls Science at Work, tailoring spaces to how organisations and teams operate, and offers flexible membership and booking terms rather than long fixed leases.
Generated from the company's website and Companies House records. Sources: landmarkspace.co.uk · landmarkspace.co.uk