LGC GENOMICS LIMITED
Company Information
- Company Number
- 07686158
- Registered Address
- The Priestley Centre 10 Priestley Road, Surrey Research Park, Guildford, England, GU2 7XY
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 28 June 2011
- Nature of Business
- 72110 - Research and experimental development on biotechnology
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
LGC GENOMICS LIMITED exhibits a trend where a substantial portion of payments extend beyond typical 30-day terms, with an average payment time of 44 days. While 45% of invoices are paid within 30 days, a significant 33% fall into the 31-60 day bracket, and 22% are paid over 60 days, indicating a consistent pattern of longer payment cycles. The 37% late payment rate further underscores this trajectory, suggesting suppliers should anticipate extended payment timelines.
Volatility Analysis
The distribution of payments, with only 45% within 30 days and 37% late, indicates moderate unpredictability in payment timing. The significant portion of payments falling into the 31-60 day (33%) and over 60 day (22%) brackets introduces a notable risk for consistent cash flow management for suppliers. This suggests a lack of strong reliability for meeting standard 30-day terms, requiring suppliers to manage expectations regarding payment arrival.
Summary Analysis
LGC GENOMICS LIMITED presents a moderate payment risk to suppliers due to a significant average payment time of 44 days and 37% late payments. Suppliers should consider these extended payment cycles when setting credit terms and managing their own cash flow projections. Implementing strategies such as shorter net terms, partial upfront payments, or credit insurance could mitigate the risk of delayed payments.
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 Apr 2025 - 30 Sept 2025 | 28 Oct 2025 | 44 | 45% | 33% | 22% | 37% |
| 01 Oct 2024 - 31 Mar 2025 | 03 Apr 2025 | 45 | 44% | 33% | 23% | 47% |
| 01 Apr 2024 - 30 Sept 2024 | 28 Oct 2024 | 45 | 47% | 31% | 21% | 36% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 45 | 44% | 30% | 25% | 45% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 39 | 58% | 22% | 20% | 38% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 41 | 54% | 23% | 23% | 37% |
| 01 Apr 2022 - 30 Sept 2022 | 17 Oct 2022 | 40 | 52% | 27% | 21% | 34% |
| 01 Oct 2021 - 31 Mar 2022 | 19 Apr 2022 | 39 | 48% | 30% | 22% | 58% |
| 01 Apr 2021 - 30 Sept 2021 | 13 Oct 2021 | 42 | 38% | 43% | 19% | 51% |
| 01 Oct 2020 - 31 Mar 2021 | 15 Apr 2021 | 44 | 28% | 47% | 25% | 68% |
| 01 Apr 2020 - 30 Sept 2020 | 02 Nov 2020 | 46 | 28% | 45% | 27% | 73% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 47 | 28% | 45% | 27% | 78% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 42 | 30% | 49% | 21% | 86% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 47 | 27% | 44% | 29% | 83% |
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
Unless otherwise agreed between the parties, LGC Genomics Limited pays approved invoices within 60 days from the end of the month of whichever is the later of; (a) receipt of invoice; or (b) final completion of the services or final delivery of goods.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
For operational business reasons LGC Genomics Limited schedules two supplier payment runs per month (mid-month and month-end). Therefore, in accordance with the defined calculating methodology, payments due by LGC Genomics Limited one day before the end of the month will be measured as late. For payments made within 5 days of the due date the measure for LGC Genomics Limited for invoices due but not paid within agreed terms is 25%.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Payment processing is managed within LGC Genomics Limited by the Accounts Payable function and any delayed supplier payment queries that may arise are actioned by this team. In the event they are unable to resolve the matter, or if the dispute relates to services/goods provided or received, the query will be discussed between the supplier and the relevant functional/operational manager or finance/legal/procurement personnel to ensure satisfactory resolution. All queries on supplier invoices and payments should be directed to payable.accounts.uk@lgcgenomics.com.
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
LGC GENOMICS LIMITED is an active private limited company, as indicated by its name, specialising in genomics
This type of organisation typically focuses on the study of genomes and their applications
Incorporated on 28 June 2011, the company operates under company number 07686158
Its registered office is located in the South East of England, specifically at The Priestley Centre 10 Priestley Road, Surrey Research Park, Guildford, England, GU2 7XY
Companies operating in the genomics sector within the UK commonly provide a range of specialised services
These frequently include DNA sequencing, genotyping, bioinformatics analysis, and the development and supply of genomic research tools and diagnostics
