Industry ranking
| 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 2025 - 30 Jun 2025 | 23 Jul 2025 | 47 | 24% | 64% | 12% | 40% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 43 | 37% | 56% | 7% | 19% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 56 | 30% | 61% | 9% | 17% |
| 01 Jul 2023 - 31 Dec 2023 | 17 Jan 2024 | 42 | 30% | 64% | 6% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Jul 2023 | 43 | 35% | 59% | 6% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Jan 2023 | 42 | 35% | 61% | 4% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 14 Jul 2022 | 39 | 39% | 57% | 4% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Jan 2022 | 38 | 41% | 56% | 3% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 06 Jul 2021 | 37 | 40% | 56% | 4% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2021 | 36 | 41% | 56% | 3% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | 36 | 41% | 56% | 3% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 13 Jan 2020 | 35 | 42% | 56% | 2% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Jul 2019 | 39 | 43% | 53% | 4% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 10 Jan 2019 | 35 | 55% | 42% | 3% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 11 Jul 2018 | 31 | 56% | 40% | 4% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End of month following date of invoice
Were there any changes to the standard payment terms in the reporting period?
Payment terms have changed for some inter-group invoices, extending average payment terms.
Any other information about payment terms
N/A
Maximum contractual payment period agreed
180
Finance are notified by the requester of the service/goods that there is a query, finance then contact the suppliers credit controller and notifies them of the query.
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
Lenzing Fibers Grimsby Limited is a UK-registered company based in Grimsby, operating under SIC code 20600, manufacture of man-made fibres. It forms part of the Lenzing Group, an Austrian-headquartered producer that uses wood-based cellulose to make textile and nonwoven fibres, including its TENCEL, VEOCEL and LENZING ECOVERO brands, supplying industries such as apparel, home textiles, hygiene and nonwovens. As the group's Grimsby-based entity, the company represents Lenzing's UK manufacturing presence within this wider cellulosic fibre business, rather than a separate independent operation. The wider group serves numerous textile and nonwoven brands globally, though group-level activities and figures relate to the Lenzing Group as a whole rather than this individual registered company.
Generated from the company's website and Companies House records. Sources: lenzing.com · lenzing.com