STRATFORD CITY BUSINESS DISTRICT LIMITED
Company Information
- Company Number
- 07328908
- Registered Address
- 5 Merchant Square, Level 9, London, England, W2 1BQ
- Status
- Active
- Employee Count
- 0
- Turnover
- £6,603,000
- EBITDA
- -£255,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 28 July 2010
- Nature of Business
- 41100 - Development of building projects
- Industries
- Property, Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 - 30 Jun 2020 | 28 Jul 2020 | 31 | 75% | 14% | 11% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 25 | 81% | 14% | 5% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 30 | 68% | 26% | 6% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 25 | 77% | 16% | 7% | 26% |
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
The Company’s standard payment terms for non-construction contract related payments is 30 days. For construction contracts the payment terms are largely dependent on the specific requirements of individual projects. When calculating the number of days to make payment for construction contracts in this reporting period, the Company has reported the time to pay from the due date to the final date for payment. In prior periods it had added 7 days to reflect the general range of days between an application date and a due date for those contracts governed by the Housing Grant, Constriction and Regeneration Act 1996.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The Company operates on standard payment terms of 30 days for non-construction related contracts, unless the Company agrees to different terms requested by a supplier.
Maximum contractual payment period agreed
30
Dispute Resolution Process
All queries regarding non-payment of invoices should be discussed with the Lendlease contact as specified on the Lendlease Purchase Order. Escalation can be managed through the Lendlease Customer Service team. Further escalation will be managed internally when required. For any qualifying subcontracts, any dispute or difference between the parties are subject to the laws of England and Wales and the jurisdiction of the English courts. Payment under construction contracts is subject to statutory adjudication pursuant to the Housing Grant, Construction and Regeneration Act 1996. Only a very small proportion of our payments become the subject to the adjudication and/or court proceedings.
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?
❌
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
STRATFORD CITY BUSINESS DISTRICT LIMITED is a company registered in the United Kingdom that focuses on creating a sustainable and thriving business district in the Stratford area of London. The company is dedicated to promoting economic growth and development while also prioritizing environmental sustainability.
The company's sustainability program includes initiatives such as promoting green and energy-efficient buildings, implementing sustainable transportation options, and supporting local businesses and communities. They also prioritize waste reduction and recycling, as well as promoting responsible water and energy usage.
In terms of products and services, STRATFORD CITY BUSINESS DISTRICT LIMITED offers a variety of office spaces and commercial properties for rent or lease, catering to the needs of small businesses and large corporations alike. They also offer consultancy services to help businesses in the district become more environmentally friendly and sustainable.
Key people involved in the company include the CEO, who oversees all operations and strategies, as well as a team of experienced consultants and managers who work to ensure the success and sustainability of the business district.
For those interested in learning more or potentially becoming a part of the Stratford business district, STRATFORD CITY BUSINESS DISTRICT LIMITED can be contacted through their website at www.stratfordcitybusinessdistrict.co.uk. Their registered office address is located at 1 Water Lane, London, E15 4LZ.
