JOHN LAING GROUP PLC
Company Information
- Company Number
- 05975300
- Registered Address
- 1 Kingsway, London, WC2B 6AN
- Status
- Active
- Employee Count
- 111
- Turnover
- £189,000,000
- EBITDA
- £123,000,000
Additional Details
- Website
- https://www.laing.com/
- Company Type
- Private limited Company
- Incorporated On
- 23 October 2006
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Property, Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data for John Laing Group PLC shows a steady decrease in the average time it takes for the company to pay invoices from 2018 to 2020. The percentage of invoices paid within 30 days has also decreased over this time period, while the percentages of invoices paid between 31 and 60 days and later than 60 days have both increased. This suggests that the company has been taking longer to pay invoices and has not been meeting their agreed payment terms as often.
Volatility Analysis
The data for John Laing Group PLC shows a high level of volatility in the average time it takes for the company to pay invoices. This is evident in the fluctuation of the percentages for invoices paid within 30 days, between 31 and 60 days, and later than 60 days. This volatility may indicate inconsistent payment practices and potential cash flow issues for the company.
Summary Analysis
Over the past three periods, John Laing Group PLC has seen a decrease in the average time it takes to pay invoices, from 35 days in Jan-Jun 2018 to 32 days in Jan-Dec 2020. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 17% in Jul-Dec 2018 to 0% in Jan-Dec 2020. This suggests that the company has improved in paying invoices on time, but still struggles with paying them within their agreed terms. The best period for early payment was in Jan-Jun 2018, with 75% of invoices being paid within 30 days, while the worst period for late payment was in Jul-Dec 2019, with 44% of invoices being paid later than 60 days.
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 Jan 2020 - 31 Dec 2020 | 23 Jun 2021 | 32 | 38% | 62% | 0% | 62% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jul 2020 | 38 | 56% | 33% | 11% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Sept 2019 | 47 | 67% | 17% | 16% | 33% |
| 01 Jul 2018 - 31 Dec 2018 | 11 Feb 2019 | 44 | 60% | 20% | 20% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 75% | 8% | 17% | 25% |
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
Default is 30 days unless supplier requests otherwise.
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
30
Dispute Resolution Process
In the event of a dispute, the complaint will be considered by the cost centre manager. We aim to resolve any disputes within the payment terms.
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.
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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
Company Summary
John Laing Group PLC is a leading international infrastructure investor and developer with a strong focus on sustainability. The company has been in operation for over 170 years and is headquartered in London, United Kingdom.
The company's main activities include the investment, development, and management of infrastructure projects such as roads, railways, hospitals, and schools. They work with governments, private sector partners, and communities to deliver high-quality, sustainable infrastructure projects that benefit society.
John Laing Group PLC is committed to sustainability and has a dedicated sustainability program in place. This includes a focus on environmental, social, and governance issues, as well as a commitment to responsible and ethical business practices. They strive to minimize their impact on the environment and promote sustainable development in the communities where they operate.
The company's key products and services include infrastructure investment, project development, and asset management. They have a diverse portfolio of projects across the globe, with a strong presence in the UK, Europe, and North America.
John Laing Group PLC is led by a team of experienced and highly skilled individuals, including their CEO Olivier Brousse. They have a strong leadership team with a wealth of experience in infrastructure development and investment.
For more information on John Laing Group PLC, their sustainability program, and their projects, you can visit their website at www.laing.com. Their registered office address is 1 Kingsway, London WC2B 6AN, United Kingdom.
