LEXISNEXIS RISK SOLUTIONS UK LIMITED
Company Information
- Company Number
- 07416642
- Registered Address
- Global Reach, Dunleavy Drive, Cardiff, United Kingdom, CF11 0SN
- Status
- Active
- Employee Count
- 350
- Turnover
- £52,837,000
- EBITDA
- -£2,141,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 October 2010
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Information Technology,Telecommunications And Data,Safety And Security,Software
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 21 | 78% | 16% | 6% | 28% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 19 | 85% | 12% | 3% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 31 Jul 2022 | 21 | 76% | 21% | 3% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 28 | 82% | 15% | 3% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 34 | 46% | 49% | 5% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 33 | 40% | 57% | 3% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 47 | 34% | 59% | 7% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 46 | 28% | 61% | 11% | 48% |
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
LexisNexis Risk Solutions UK Ltd (LNRS UK) standard payment terms is 45 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Of the suppliers which informed us that they are a small business, as defined by the Prompt Payment Code, we paid 81% in 30 days from receipt of invoice. During 2024 a backlog of invoices for processing was caused by a new system migration which has now been cleared.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Both the supplier and LNRS shall endeavour to settle at the earliest possible date any invoicing matters in dispute. The supplier can escalate the dispute by emailing accountspayable-query@relx.com with a copy of invoice and correspondence to date in respect of the dispute and providing an outline of the issue(s). Accounts Payable will escalate the information within the organisation to facilitate the resolution where possible.
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.
❌
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
LEXISNEXIS RISK SOLUTIONS UK LIMITED is a leading global provider of data and analytics solutions that help businesses and organizations make informed decisions. They offer a wide range of products and services, including risk assessment, fraud prevention, identity verification, and compliance solutions.
One of the key focuses of LEXISNEXIS RISK SOLUTIONS UK LIMITED is sustainability. They are committed to reducing their environmental impact and have implemented various initiatives to achieve this. They have an Environmental Management System in place and strive to reduce their carbon emissions, waste production, and energy consumption. They also work with suppliers who share their commitment to sustainability.
The company's products and services are designed to help businesses make informed decisions and manage risk effectively. They use advanced technology and data analytics to provide accurate and up-to-date information, helping businesses identify potential risks and prevent fraud. Their solutions also help with compliance and regulatory requirements, ensuring that businesses operate ethically and within the law.
Some key people at LEXISNEXIS RISK SOLUTIONS UK LIMITED include CEO Rick Trainor and Managing Director Richard Kightley. They have a team of experienced professionals who are dedicated to providing high-quality solutions and exceptional customer service.
To learn more about LEXISNEXIS RISK SOLUTIONS UK LIMITED and their products and services, you can visit their website at www.lexisnexisrisk.co.uk. Their registered office address is 1-3 Strand, London, WC2N 5JR, United Kingdom. You can also contact them via phone at +44 (0) 20 7400 2800 or email at enquiries@lexisnexisrisk.co.uk. Overall, LEXISNEXIS RISK SOLUTIONS UK LIMITED is a reputable and reliable company that is committed to sustainability and providing innovative solutions to help businesses manage risk effectively.
