Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The trend for LEWISHAM GATEWAY DEVELOPMENTS LIMITED shows a steady decrease in the average time taken to pay invoices over the three periods analysed. This indicates that the company is making efforts to pay its suppliers in a timely manner.
The volatility for LEWISHAM GATEWAY DEVELOPMENTS LIMITED is relatively low, with only minor fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there is a significant decrease in the percentage of invoices paid later than 60 days in the third period, indicating improved payment practices.
LEWISHAM GATEWAY DEVELOPMENTS LIMITED has shown improvement in their payment practices over the three periods analysed. The average time taken to pay invoices has decreased from 43 days to 34 days, with a significant decrease in the percentage of invoices paid later than 60 days in the last period. This suggests that the company is prioritising early payment to suppliers.
| 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 | 23 Jan 2024 | 34 | 53% | 42% | 5% | 44% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 37 | 48% | 31% | 21% | 57% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 43 | 33% | 56% | 11% | 72% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms of 30 days for purchase ledger suppliers and 14 days for contractors
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
Invoice queries should be addressed to the buyer who placed the individual purchase as the first point of contact. In the event that this should not yield a solution please request the issue to be escalated to the finance department.
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
Lewisham Gateway Developments Limited is a company registered in England, incorporated in 2005, with its business classified under development of building projects. Its name indicates involvement in the Lewisham Gateway regeneration scheme in south east London, a project associated with residential and commercial building development. No further detail on trading activity, ownership structure or specific completed schemes is available from the evidence supplied. The company remains active, with its registered office in London. As the evidence available does not describe day to day operations beyond its classification, this summary relies solely on the official company record rather than promotional material.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk