LSEG BUSINESS SERVICES LIMITED
Company Information
- Company Number
- 08980140
- Registered Address
- 10 Paternoster Square, London, EC4M 7LS
- Status
- Active
- Employee Count
- 0
- Turnover
- £663,631,000
- EBITDA
- £74,834,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 4 April 2014
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 31 Dec 2024 | 04 Feb 2025 | 31 | 46% | 50% | 4% | 8% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 22 | 91% | 7% | 2% | 7% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 30 | 54% | 37% | 9% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 35 | 72% | 10% | 18% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 20 | 90% | 4% | 6% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 21 | 86% | 10% | 4% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 26 | 82% | 7% | 10% | 18% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 41 | 60% | 20% | 20% | 40% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 34 | 73% | 17% | 10% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 40 | 67% | 16% | 17% | 33% |
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
Standard Payment terms for as defined by the company's Purchasing Policy are 60 days. We commit to making payment of all undisputed sums properly due to third party suppliers within the committed pay terms basis timely submission of a valid invoice to the Accounts Payable department with relevant details such as PO number/business contact name. Few suppliers are setup with a shorter/longer pay terms based on negotiated contracts.
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
30
Dispute Resolution Process
Payment processing is dealt with by the Accounts Payable function and any supplier payment queries that may arise are actioned by the team. In the event, where the issue is not resolved, the query will be discussed between the supplier and relevant contractual service owner or finance personnel to ensure satisfactory resolution for both parties.
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
LSEG BUSINESS SERVICES LIMITED is a leading provider of financial and business services, operating as a subsidiary of London Stock Exchange Group (LSEG). The company offers a wide range of services including technology solutions, data and analytics, corporate services, and post-trade services.
In terms of sustainability, LSEG BUSINESS SERVICES LIMITED is committed to reducing its environmental impact and promoting responsible business practices. They have implemented a sustainability program that focuses on areas such as energy efficiency, waste reduction, and carbon footprint reduction. The company also supports various charitable and community initiatives, demonstrating their commitment to social responsibility.
One of the key products offered by LSEG BUSINESS SERVICES LIMITED is their technology solutions, which include trading platforms, data management systems, and risk management tools. These products are utilized by financial institutions, corporations, and governments around the world.
The company's key people include Chief Executive Officer, Rob Heyvaert, and Chief Operating Officer, Chris Corrado, both of whom have extensive experience in the financial services industry.
For more information on LSEG BUSINESS SERVICES LIMITED and their services, you can visit their website at https://www.lseg.com/business-services. Their registered office address is 10 Paternoster Square, London, EC4M 7LS.
