The average time taken for LUMENA PHARMA UK LIMITED to pay invoices has been steadily decreasing over the past three periods. In the first period (Jan-Jun 2018), the average time to pay was 42.5 days, which decreased to 37.7 days in the second period (Jul-Dec 2018) and further decreased to 34.4 days in the third period (Jan-Jun 2019). This indicates that the company has been improving their payment process and paying suppliers more efficiently.
The volatility of the company's payment process can be seen in the fluctuation of the percentage of invoices paid within 30 days. In the first period, 72.5% of invoices were paid within 30 days, which decreased to 67.2% in the second period and then increased to 71.8% in the third period. This indicates that there may have been some variability in the company's payment process, but overall they have been able to maintain a high percentage of invoices paid within 30 days.
In the most recent period (Jan-Jun 2019), LUMENA PHARMA UK LIMITED had an average time to pay of 34.4 days. This is a 8.2% decrease from the previous period (Jul-Dec 2018) and a 19.1% decrease from the first period (Jan-Jun 2018). The percentage of invoices paid within 30 days also increased by 4.6% from the previous period, indicating that the company has been paying invoices more promptly. However, there was a slight increase in the percentage of invoices paid between 31 and 60 days, from 22.8% in the previous period to 23.6% in the most recent period. The worst period for LUMENA PHARMA UK LIMITED was the first period (Jan-Jun 2018), where 27.6% of invoices were paid later than 60 days, indicating a need for improvement in their payment process.
| 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 2018 - 30 Jun 2018 | 30 Jul 2018 |
LUMENA PHARMA UK LIMITED is a dissolved private limited company, incorporated on 21 March 2013, based in the London region. Registered business activity: Dormant Company.
From Companies House records.