LEIDOS EUROPE LIMITED
Company Information
- Company Number
- 09351724
- Registered Address
- 8 Monarch Court The Brooms, Emersons Green, Bristol, BS16 7FH
- Status
- Active
- Employee Count
- 161.0
- Turnover
- 250503000.0
- EBITDA
- 14557000.0
Additional Details
- Website
- https://leidos.com
- Company Type
- Private limited Company
- Incorporated On
- 11 December 2014
- Nature of Business
- 52290 - Other transportation support activities
- Industries
- 0
- Region
- South West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 36 | 79% | 15% | 7% | 20% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 33 | 70% | 22% | 8% | 39% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 33 | 75% | 16% | 9% | 32% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 32 | 74% | 19% | 7% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 28 | 84% | 13% | 3% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 37 | 62% | 25% | 12% | 44% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 38 | 66% | 19% | 15% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 26 | 76% | 20% | 4% | 21% |
| 01 Jun 2019 - 31 Dec 2019 | 31 Jan 2020 | 28 | 82% | 13% | 5% | 28% |
Company Summary
LEIDOS EUROPE, LIMITED is a leading global technology and engineering company that provides solutions and services in the fields of defence, intelligence, homeland security, and civil sectors
The company is a subsidiary of LEIDOS, a Fortune 500 company headquartered in the United States
The company offers a wide range of products and services including advanced technology solutions, cyber security, data analytics, and logistics support
Their sustainability program focuses on reducing their environmental impact and promoting sustainable practices throughout their operations
They have set targets to reduce their carbon emissions and waste, and increase their use of renewable energy sources
The key people of LEIDOS EUROPE, LIMITED include the CEO, Roger Krone, and the President of LEIDOS International, Jerry Howe
They lead a team of highly skilled professionals who are committed to delivering quality solutions to their clients
The company's registered office address is located in Farnborough, Hampshire, United Kingdom
Their website, www.leidos.com/europe, provides information about their products, services, and career opportunities
They also have social media accounts on LinkedIn and Twitter for updates and news
In summary, LEIDOS EUROPE, LIMITED is a leading technology and engineering company that offers innovative solutions and services in various sectors
Their sustainability program, commitment to reducing environmental impact, and strong leadership make them a reputable and responsible organization
Company Review
Trend Analysis
The average time for LEIDOS EUROPE, LIMITED to pay invoices to suppliers has fluctuated over the past three periods. It decreased from 28 days in the period of 2019-06-01 to 2019-12-31 to 26 days in the period of 2020-01-01 to 2020-06-30, but then increased to 38 days in the period of 2020-07-01 to 2020-12-31. It then decreased again to 37 days in the period of 2021-01-01 to 2021-06-30 and has remained relatively consistent since then.
Volatility Analysis
The most volatile period for LEIDOS EUROPE, LIMITED was in 2020-07-01 to 2020-12-31, where the average time to pay increased by 12 days compared to the previous period. The least volatile period was in 2021-07-01 to 2021-12-31, where the average time to pay only decreased by 1 day compared to the previous period.
Summary Analysis
In the past three periods, LEIDOS EUROPE, LIMITED has shown a slight decrease in the average time to pay invoices to suppliers. The percentage of invoices paid within 30 days has also slightly decreased, while the percentage of invoices paid between 31 and 60 days has slightly increased. The most significant change is in the percentage of invoices paid later than 60 days, which has fluctuated between 3% and 15%. The company has consistently maintained a standard payment period of 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Invoices shall be submitted by email to the identified mailbox on the PO cover. Hard copies shall be sent to Accounts Payable Department as identified on the PO cover and shall contain the following information: Order number, part number, description of articles, sizes, quantities, unit prices and extended totals. Invoices submitted hereunder will be paid net Thirty (30) calendar days after receipt of invoices or acceptance of delivered items by Leidos, whichever occurs later, unless otherwise specified on the PO cover. Before payment, Leidos may make any adjustments to Seller’s invoices to accommodate shortages, late delivery, rejections, or other failure to comply with the requirements of any Orders. Cash discounts will be taken from date of final acceptance of delivered items, or the date of acceptable invoice, whichever is later. Payment shall not constitute final acceptance. Leidos may offset against any payment hereunder any amount owed to Leidos by the Seller
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
30
Dispute Resolution Process
Leidos and Seller agree to enter into negotiations to resolve any controversy, claim or dispute (“dispute”) arising under or relating to the Order. The parties agree to negotiate in good faith to reach a mutually agreeable resolution of such dispute within a reasonable period of time. If good faith negotiations are unsuccessful, Leidos and Seller agree to resolve the dispute by non-binding arbitration in accordance with the rules of arbitration of The Chartered Institute of Arbitrators in the United Kingdom and by Arbitrators appointed in accordance with such rules in effect.
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.
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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
