LENOVO GLOBAL TECHNOLOGY UK LIMITED
Company Information
- Company Number
- 10219781
- Registered Address
- Third Floor, 25 Templer Avenue, Farnborough, United Kingdom, GU14 6FE
- Status
- Active
- Employee Count
- 216
- Turnover
- £179,625,000
- EBITDA
- £4,721,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 7 June 2016
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for LENOVO GLOBAL TECHNOLOGY UK LIMITED to pay invoices has remained relatively consistent over the past 3 periods, ranging from 26 days to 29 days. However, there has been a significant improvement in the percentage of invoices paid within 30 days, with an increase from 59% in the first period to 71% in the most recent period. This suggests that the company has been making an effort to pay invoices earlier.
Volatility Analysis
The volatility in the data for LENOVO GLOBAL TECHNOLOGY UK LIMITED can be seen in the fluctuations of the percentage of invoices paid within 30 days and between 31 and 60 days, which have both shown significant changes over the past 3 periods. The percentage of invoices paid within 30 days has increased by 12 percentage points, while the percentage of invoices paid between 31 and 60 days has decreased by 18 percentage points.
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 Apr 2025 - 30 Sept 2025 | 16 Oct 2025 | 26 | 74% | 19% | 7% | 0% |
| 01 Oct 2024 - 31 Mar 2025 | 16 Oct 2025 | 27 | 65% | 27% | 8% | 0% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 25 | 68% | 22% | 8% | 0% |
| 01 Oct 2023 - 31 Mar 2024 | 25 Apr 2024 | 28 | 64% | 19% | 17% | 1% |
| 01 Apr 2023 - 30 Sept 2023 | 23 Nov 2023 | 25 | 71% | 15% | 13% | 0% |
| 01 Oct 2022 - 31 Mar 2023 | 08 May 2023 | 23 | 71% | 21% | 8% | 0% |
| 01 Apr 2022 - 30 Sept 2022 | 18 Nov 2022 | 25 | 70% | 17% | 12% | 67% |
| 01 Oct 2021 - 31 Mar 2022 | 27 May 2022 | 27 | 100% | 0% | 0% | 38% |
| 01 Apr 2021 - 30 Sept 2021 | 27 May 2022 | 29 | 49% | 34% | 17% | 16% |
| 01 Oct 2020 - 31 Mar 2021 | 27 May 2022 | 29 | 53% | 34% | 13% | 26% |
| 01 Apr 2020 - 30 Sept 2020 | 27 May 2022 | 29 | 58% | 26% | 16% | 34% |
| 01 Oct 2019 - 31 Mar 2020 | 27 May 2022 | 26 | 63% | 28% | 9% | 37% |
| 01 Apr 2019 - 30 Sept 2019 | 27 May 2022 | 26 | 62% | 29% | 9% | 29% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 26 | 32% | 29% | 39% | 8% |
| 01 Apr 2018 - 30 Sept 2018 | 20 Nov 2018 | 26 | 59% | 14% | 27% | 51% |
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
Upon Lenovo’s request, Supplier will issue invoices electronically and also comply with any local country requirement for tangible invoices forms. Unless the PO states otherwise, payment will be due net sixty (60) days after Lenovo receives Supplier’s valid invoice. Lenovo shall make a single monthly payment for all payable invoices that have become due. Supplier’s invoice will list the quantity of products and/or services purchased, reference this PO number and if applicable, the Lenovo agreement under which the products and/or services are being purchased under.
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
60
Dispute Resolution Process
Due to payment cycle, there might be few days delay on the payment If there is any special payment term required, there is additional required process and approval needed. Accounts payable team will deal with individual cases, the procurement team if required will support the process.
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.
❌
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?
❌
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
LENOVO GLOBAL TECHNOLOGY UK LIMITED is a multinational technology company based in the United Kingdom
The company was founded in 2005 and is a subsidiary of the Chinese multinational technology company, Lenovo Group Limited
The company's sustainability program is focused on reducing their environmental impact, promoting ethical and responsible business practices, and supporting local communities
This includes initiatives such as reducing carbon emissions, promoting sustainable packaging, and implementing responsible supply chain practices
LENOVO GLOBAL TECHNOLOGY UK LIMITED offers a wide range of products and services including personal computers, smartphones, tablets, and data center solutions
They also provide software and support services for their products
The key people at LENOVO GLOBAL TECHNOLOGY UK LIMITED include the CEO and President, Luca Rossi, and the Senior Vice President and General Manager for Europe, Middle East, and Africa, Eric Cador
The company's registered office address is 12 New Fetter Lane, London, EC4A 1JP, United Kingdom
Their website address is https://www.lenovo.com/gb/en/
Customers can also contact the company through their customer service hotline or email
In conclusion, LENOVO GLOBAL TECHNOLOGY UK LIMITED is a leading technology company with a strong commitment to sustainability and providing innovative products and services to their customers
Their dedication to responsible business practices and community support makes them a trusted and reliable choice for consumers
