| 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 | 22 Jul 2025 | 31 | 56% | 30% | 14% | 32% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 32 | 43% | 51% | 6% | 32% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 40 | 44% | 40% | 16% | 29% |
| 01 Jan 2021 - 30 Jun 2021 | 17 Sept 2021 | 76 | 20% | 24% | 56% | 90% |
| 01 Jul 2020 - 31 Dec 2020 | 17 Sept 2021 | 63 | 28% | 32% | 40% | 90% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 40 | 38% | 42% | 20% | 89% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from the end of month
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
120
The business process for resolving payment / invoice disputes involves contacting the Accounts Payable team.
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
London EV Company Limited, also known as LEVC, is a British automotive company that specializes in producing electric vehicles. The company has a strong focus on sustainability and is committed to reducing emissions and promoting environmentally friendly transportation.
LEVC's flagship product is the iconic London black cab, also known as the TX. This electric taxi has a range of up to 80 miles on pure electric power and a total range of 377 miles when combined with its petrol range extender. This makes it an ideal choice for taxi drivers looking to reduce their carbon footprint.
In addition to the TX, LEVC also produces the VN5, an electric van designed for commercial use. The VN5 has a similar range to the TX and is also equipped with a petrol range extender.
The company's sustainability program includes initiatives such as using renewable energy sources in their production facilities, implementing efficient waste management systems, and promoting the use of electric vehicles in cities to reduce air pollution.
LEVC's key people include Joerg Hofmann, CEO, who has over 25 years of experience in the automotive industry, and Paul Woolley, Managing Director, who has a background in engineering and has been with the company since its inception in 2013.
LEVC's website address is www.levc.com and their registered office address is located at 28-34 Kirby Street, London, EC1N 8TS. Customers can contact the company through their website or by calling their customer service hotline at +44 (0) 20 3651 5000. Overall, LEVC is a leading player in the electric vehicle market, with a strong commitment to sustainability and a range of innovative products.