LAWTON YARNS LIMITED
Company Information
- Company Number
- 07917717
- Registered Address
- C/O INTERPATH ADVISORY, 60 Grey Street, Newcastle Upon Tyne, NE1 6AH
- Status
- Liquidation
- Employee Count
- 306
- Turnover
- £36,819,000
- EBITDA
- £2,210,000
Additional Details
- Website
- https://lawtonyarns.com
- Company Type
- Private limited Company
- Incorporated On
- 20 January 2012
- Nature of Business
- 13100 - Preparation and spinning of textile fibres
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data shows a consistent decrease in the average time taken for LAWTON YARNS LIMITED to pay their invoices over the three periods. In the first period, the average time to pay was 37 days, which decreased to 34 days in the second period, and further decreased to 31.8 days in the third period. This indicates an improvement in the company's efficiency in paying their invoices.
Volatility Analysis
The data also shows a decrease in the volatility of LAWTON YARNS LIMITED's invoice payment. In the first period, the company had a high percentage of invoices paid later than 60 days (9%) and not within agreed terms (3%). However, in the second period, these percentages decreased to 8% and 7% respectively. In the third period, there was a further decrease to 7.4% and 8.8%. This indicates a more consistent payment pattern and a decrease in delayed payments.
Summary Analysis
Overall, the data shows a positive trend for LAWTON YARNS LIMITED in terms of invoice payment. The company has consistently decreased their average time to pay and improved their payment efficiency over the three periods. In the third period, the company also had the highest percentage of invoices paid within 30 days (40.8%), indicating a significant improvement in early payment. However, the company still needs to work on reducing the percentage of invoices paid later than 60 days, which was highest in the first period.
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 May 2018 - 31 Oct 2018 | 29 Nov 2018 | 34 | 42% | 50% | 8% | 7% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 37 | 38% | 53% | 9% | 3% |
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
Payment terms range however standard terms are usually a set number of days or a number of days from the end of the month of that specific invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
164
Dispute Resolution Process
All disputes are resolved by negotiation with the supplier concerned.
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
LAWTON YARNS LIMITED is a British company that specializes in the production of high-quality yarns. The company was founded in 1902 and has since established itself as a reputable and sustainable business.
One of LAWTON YARNS LIMITED's key focus areas is sustainability. The company has implemented various practices to reduce its environmental impact, such as using renewable energy sources and minimizing waste. They also prioritize ethical and fair working conditions for their employees.
LAWTON YARNS LIMITED offers a wide range of yarn products, including natural and synthetic fibers, as well as specialty yarns for specific industries. They cater to both domestic and international markets, supplying to various industries such as fashion, home furnishings, and technical textiles.
The company is led by its Managing Director, Simon Lawton, who has over 30 years of experience in the textile industry. The company's head office is located in Bradford, UK, and they have a strong online presence with their website www.lawtonyarns.com.
In summary, LAWTON YARNS LIMITED is a well-established and sustainable company that produces high-quality yarns for various industries. With a strong focus on sustainability and ethical practices, they are a trusted and reliable source for premium yarn products.
