LME CLEAR LIMITED
Company Information
- Company Number
- 07611628
- Registered Address
- 10 Finsbury Square, London, United Kingdom, EC2A 1AJ
- Status
- Active
- Employee Count
- 69
- Turnover
- £77,000,000
- EBITDA
- £27,000,000
Additional Details
- Website
- https://www.lme.com/
- Company Type
- Private limited Company
- Incorporated On
- 21 April 2011
- Nature of Business
- 66110 - Administration of financial markets
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- London
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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 22 | 80% | 19% | 1% | 23% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 21 | 87% | 11% | 2% | 19% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 19 | 91% | 7% | 2% | 17% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 22 | 82% | 17% | 1% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 22 | 79% | 20% | 1% | 33% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 24 | 76% | 18% | 6% | 31% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 33 | 60% | 28% | 12% | 71% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 17 | 89% | 9% | 2% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 20 | 87% | 11% | 2% | 50% |
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
Our most frequently used payment terms for qualifying contracts require payment within 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 additional information
Maximum contractual payment period agreed
60
Dispute Resolution Process
Our policy is to make payment in accordance with the terms of any contract in place. In the event of a dispute, the person or department responsible for the contract will seek to resolve any dispute with the supplier. If that is unsuccessful, the dispute resolution process set out in the contract will be followed.
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.
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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
LME CLEAR LIMITED is a leading clearing house in the financial market, specializing in the clearing of commodities and metals contracts traded on the London Metal Exchange (LME). The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes measures such as using renewable energy sources, reducing waste and emissions, and promoting responsible supply chain practices. They also support various social and community initiatives, including charities and educational programs.
LME CLEAR LIMITED offers a range of products and services to its clients, including clearing services, risk management solutions, and trade reporting. Their clearing services help to reduce counterparty risk and ensure efficient and timely settlement of trades. They also provide market participants with access to a global network of clearing brokers.
The company has a team of experienced professionals, led by CEO James Proudlock, who have a deep understanding of the financial market and are dedicated to providing excellent service to their clients. They also have a strong network of partners and collaborators, including banks and brokers, to support their operations.
LME CLEAR LIMITED can be contacted through their website, where clients can access information on their products and services, as well as regulatory updates and market news. Their registered office address is 10 Finsbury Square, London EC2A 1AJ, United Kingdom.
In summary, LME CLEAR LIMITED is a sustainable and reputable clearing house, offering a range of products and services to support the trading of commodities and metals contracts. With a dedicated team and a commitment to sustainability, they are a trusted partner for market participants looking for efficient and responsible clearing solutions.
