LUL NOMINEE SSL LIMITED
Company Information
- Company Number
- 06242508
- Registered Address
- 5 Endeavour Square, London, United Kingdom, E20 1JN
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 May 2007
- Nature of Business
- 49311 - Urban and suburban passenger railway transportation by underground, metro and similar systems
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
LUL NOMINEE SSL LIMITED demonstrates a strong positive trend with an average payment time of 25 days and 90% of payments settling within 30 days. While a significant majority are prompt, the 15% late payments indicate a consistent portion of invoices are not met within agreed terms, warranting attention despite the overall speed.
Volatility Analysis
Despite the high percentage of on-time payments, the 15% late rate introduces a degree of unpredictability for a supplier's cash flow planning. The 6% extending to 31-60 days and 4% exceeding 60 days demonstrate a persistent tail of payments that could impact short-term liquidity, suggesting some variability in payment discipline.
Summary Analysis
Overall, LUL NOMINEE SSL LIMITED presents a moderately low payment risk due to 90% of invoices being paid within 30 days, supporting generally stable cash flow for suppliers. However, suppliers should be aware of the 15% late payment rate and the 10% of payments extending beyond 30 days, and may consider tighter credit terms or smaller initial orders to mitigate potential delays.
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 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 31 | 86% | 7% | 7% | 23% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 25 | 91% | 5% | 4% | 17% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 25 | 90% | 6% | 4% | 15% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 26 | 89% | 7% | 4% | 18% |
| 01 Oct 2022 - 01 Mar 2023 | 28 Apr 2023 | 26 | 92% | 4% | 4% | 12% |
| 01 Apr 2022 - 30 Sept 2022 | 30 Oct 2022 | 26 | 93% | 4% | 3% | 11% |
| 01 Oct 2021 - 31 Mar 2022 | 03 May 2022 | 25 | 95% | 3% | 2% | 9% |
| 01 Apr 2021 - 30 Sept 2021 | 30 Nov 2021 | 25 | 95% | 3% | 2% | 9% |
| 01 Oct 2020 - 31 Mar 2021 | 18 Sept 2023 | 22 | 96% | 2% | 2% | 6% |
| 01 Apr 2020 - 30 Sept 2020 | 05 Jan 2021 | 19 | 96% | 3% | 1% | 8% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 18 | 96% | 3% | 1% | 7% |
| 01 Apr 2019 - 30 Sept 2019 | 04 Jan 2021 | 18 | 97% | 2% | 1% | 5% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 18 | 97% | 2% | 1% | 7% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 19 | 95% | 3% | 2% | 10% |
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
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
Maximum contractual payment period agreed
30
Dispute Resolution Process
Transport for London and its subsidiaries has enhanced its automatic communication with suppliers enabling them to be notified of any issues preventing an invoice from being processed for payment. Suppliers are notified in writing if there may be a delay in payment of invoices. Information on this process can be found at https://tfl.gov.uk/info-for/suppliers-and-contractors/recieving-orders-and-getting-paid#on-this-page-3
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.
❌
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
Company Summary
LUL NOMINEE SSL LIMITED is an active private limited company. Its name identifies a specialisation in providing nominee services within the UK business sector.
The company was incorporated on 10 May 2007, operating under company number 06242508. Its registered office is located at 5 Endeavour Square, London, United Kingdom, E20 1JN. The company's specified location is 'Other'.
Organisations providing nominee services typically specialise in holding assets such as shares or property on behalf of beneficial owners. This facilitates administrative processes or ensures privacy for the ultimate owner, adhering to UK regulatory frameworks.
