LENDABLE OPERATIONS LTD typically processes payments within 24 days, with 73% of invoices settled within 30 days. However, a substantial 25% of payments extend to 31-60 days, and 2% even beyond 60 days. The 48% late payment rate indicates inconsistent adherence to original payment terms, suggesting variability despite the low overall average payment time.
Despite the positive average payment time, the 48% late payment rate introduces significant unpredictability regarding payment dates for suppliers. Approximately one-quarter of payments fall into the 31-60 day window, meaning a supplier cannot reliably expect payment within 30 days for all invoices. The 2% of payments exceeding 60 days represents a minor but present risk of considerable delays.
LENDABLE OPERATIONS LTD shows a mixed payment profile; while most payments are prompt, suppliers should factor in the 48% late payment rate and the 25% extending beyond 30 days. It is advisable to consider moderate credit terms and monitor payment performance closely, particularly for high-value transactions. To mitigate risk, suppliers could implement stricter payment terms for initial engagements or consider applying late payment clauses for invoices exceeding the standard 30 days.
| 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 | 31 Jul 2025 | 28 | 79% | 15% | 6% | 47% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jul 2025 | 24 | 73% | 25% | 2% | 48% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 19 | 82% | 16% | 2% | 36% |
| 01 Jul 2023 - 31 Dec 2023 | 20 Jun 2024 | 23 | 75% | 21% | 4% | 40% |
| 01 Jan 2023 - 30 Jun 2023 | 20 Jun 2024 | 29 | 69% | 24% | 7% | 53% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jun 2024 | 30 | 65% | 26% | 9% | 46% |
| 01 Jan 2022 - 30 Jun 2022 | 20 Jun 2024 | 19 | 87% | 11% | 2% | 32% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jun 2024 | 23 | 81% | 15% | 4% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jun 2024 | 17 | 88% | 12% | 0% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days.
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
Disputes are resolved by negotiation involving the relevant parties.
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
Lendable Operations Ltd is registered under SIC code 66190, covering activities auxiliary to financial intermediation. It is part of the Lendable group, which operates an online personal loans platform in the UK. The group's own site describes offering personal loans with personalised rates, instant decisions and same day funding, using technology and data to assess applications without lengthy paperwork. Loans range from £1,000 to £25,000 over one to five years, with rates varying by credit band. The group's regulated lending activity is carried out through a separate group company authorised by the Financial Conduct Authority. This entity's own role within the group is not detailed beyond its registered business classification.
Generated from the company's website and Companies House records. Sources: lendable.co.uk · lendable.co.uk · lendable.co.uk