LOWELL UK SHARED SERVICES LIMITED
Company Information
- Company Number
- 08336897
- Registered Address
- No. 1 The Square Thorpe Park View, Thorpe Park, Leeds, England, LS15 8GH
- Status
- Active
- Employee Count
- 332.0
- Turnover
- 67728000.0
- EBITDA
- 6222000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 December 2012
- Nature of Business
- 64205 - Activities of financial services holding companies
- Industries
- 0
- Region
- Yorkshire and The Humber
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 02 Feb 2024 | 48 | 67% | 17% | 16% | 38% |
| 01 Jan 2023 - 30 Jun 2023 | 12 Oct 2023 | 48 | 64% | 22% | 14% | 44% |
| 01 Jul 2022 - 31 Dec 2022 | 12 Oct 2023 | 45 | 68% | 18% | 14% | 40% |
| 01 Jan 2022 - 30 Jun 2022 | 12 Oct 2023 | 43 | 65% | 19% | 16% | 43% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Sept 2023 | 37 | 70% | 18% | 12% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Sept 2023 | 34 | 63% | 25% | 12% | 37% |
Company Summary
LOWELL UK SHARED SERVICES LIMITED is a financial services company based in the United Kingdom
They provide a range of services including debt recovery, credit management, and customer service for their clients
As a company, LOWELL UK SHARED SERVICES LIMITED is committed to sustainability and reducing their environmental impact
They have implemented various initiatives such as reducing paper usage, promoting recycling, and using energy-efficient technology
They also work closely with their suppliers to ensure they adhere to ethical and sustainable practices
The company offers a variety of products and services to their clients, including debt management solutions, credit reporting, and customer engagement strategies
They work with a wide range of industries, from financial institutions to telecommunications companies, to help them manage their debt and improve their customer relationships
Key people in the company include their CEO, James Cornell, and their CFO, Tim Collins
They have a team of experienced and dedicated professionals who work together to provide excellent service to their clients
To contact LOWELL UK SHARED SERVICES LIMITED, their website address is www.lowell.co.uk
Their registered office address is 9 Savoy Court, London, WC2R 0ER, United Kingdom
Clients can also reach them through their customer service hotline, which is available on their website
Overall, LOWELL UK SHARED SERVICES LIMITED is a reputable and sustainable company that provides valuable services to their clients while also prioritizing their environmental impact
Company Review
Trend Analysis
The trend for LOWELL UK SHARED SERVICES LIMITED shows an overall increase in the average time taken to pay invoices from 2021 to 2023. However, there is a decrease in the percentage of invoices paid within 30 days in 2023 compared to 2021. The percentage of invoices paid later than 60 days also shows a slight decrease in 2023 compared to 2021.
Volatility Analysis
The volatility for LOWELL UK SHARED SERVICES LIMITED is relatively stable with only small fluctuations in the percentages of invoices paid within different time frames over the three-year period.
Summary Analysis
From 2021 to 2023, LOWELL UK SHARED SERVICES LIMITED has seen an increase in the average time taken to pay invoices, with the longest average time being 48 days in 2023. There is also a decrease in the percentage of invoices paid within 30 days in 2023 compared to 2021, although this still remains the majority of invoices. The percentage of invoices paid later than 60 days has also slightly decreased in 2023 compared to 2021.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
"Company standard payment terms = 30 days Anything outside this must be approved during contract negotiations and the supplier must have a valid business need."
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
60
Dispute Resolution Process
"Disputes policy All disputes are raised and tracked through the AP department. These are then raised with the business owner of the supplier and payments will be kept on hold until any dispute is confirmed as settled by the business owner."
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.
✅
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
