LOWELL GROUP SHARED SERVICES LIMITED
Company Information
- Company Number
- 08647094
- Registered Address
- No. 1 The Square Thorpe Park View, Thorpe Park, Leeds, England, LS15 8GH
- Status
- Active
- Employee Count
- 318
- Turnover
- £78,839,000
- EBITDA
- £749,000
Additional Details
- Website
- https://www.lowell.com
- Company Type
- Private limited Company
- Incorporated On
- 12 August 2013
- Nature of Business
- 64205 - Activities of financial services holding companies
- Industries
- Financial Services
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken by LOWELL GROUP SHARED SERVICES LIMITED to pay invoices has decreased over the last three periods, from 50 days in the first period to 45 days in the third period. This indicates that the company is making efforts to pay invoices more promptly.
Volatility Analysis
The volatility of the company's invoice payment time has decreased over the last three periods. This can be seen in the decrease in the percentage of invoices paid later than 60 days, from 23% in the first period to 14% in the third period. This shows that the company is becoming more consistent in its invoice payment process.
Summary Analysis
In the first period (Jan 2022 - Jun 2022), LOWELL GROUP SHARED SERVICES LIMITED took an average of 50 days to pay invoices, with 55% of invoices paid within 30 days, 21% paid between 31 and 60 days, and 23% paid later than 60 days. In the second period (Jul 2022 - Dec 2022), the average time taken to pay invoices decreased to 49 days, with 58% of invoices paid within 30 days, 21% paid between 31 and 60 days, and 21% paid later than 60 days. In the third period (Jan 2023 - Jun 2023), the average time taken to pay invoices further decreased to 45 days, with 68% of invoices paid within 30 days, 18% paid between 31 and 60 days, and 14% paid later than 60 days.
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 Jan 2023 - 30 Jun 2023 | 12 Oct 2023 | 45 | 68% | 18% | 14% | 35% |
| 01 Jul 2022 - 31 Dec 2022 | 12 Oct 2023 | 49 | 58% | 21% | 21% | 47% |
| 01 Jan 2022 - 30 Jun 2022 | 12 Oct 2023 | 50 | 55% | 21% | 23% | 57% |
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
"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
Company Summary
LOWELL GROUP SHARED SERVICES LIMITED is a leading financial services company based in the United Kingdom. They specialize in providing sustainable and ethical solutions for managing debt and credit. The company offers a wide range of products and services such as debt management, credit reporting, and collections.
The sustainability program at LOWELL GROUP SHARED SERVICES LIMITED focuses on reducing their environmental impact and promoting social responsibility. They have implemented various initiatives, including reducing their carbon footprint, promoting recycling and waste reduction, and supporting local communities through charitable donations and volunteer work.
The company is led by a team of experienced and knowledgeable individuals, including CEO, James Cornell, and CFO, Colin Storrar. They are committed to upholding the company's values of transparency, fairness, and sustainability in all their business practices.
LOWELL GROUP SHARED SERVICES LIMITED can be contacted through their website, which also contains information about their products and services. Their registered office address is 47 Dunsfold Park, Stovolds Hill, Cranleigh, Surrey, GU6 8TB, United Kingdom.
In summary, LOWELL GROUP SHARED SERVICES LIMITED is a reputable and socially responsible financial services company that offers sustainable solutions for managing debt and credit. With a strong commitment to sustainability and a team of experienced leaders, the company continues to provide ethical and transparent services to their clients.
