LEX LEISURE CIC
Company Information
- Company Number
- 10690651
- Registered Address
- 71 Graham Road, Malvern, Worcestershire, WR14 2JS
- Status
- Active
- Employee Count
- 1,320
- Turnover
- £36,379,000
- EBITDA
- £47,000
Additional Details
- Website
- https://lexleisure.org.uk/
- Company Type
- Private company limited by guarantee without share capital Community Interest Company (CIC)
- Incorporated On
- 25 March 2017
- Nature of Business
- 93110 - Operation of sports facilities
- Industries
- Coming Soon
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The time taken for LEX LEISURE CIC to pay invoices has consistently decreased over the past three periods, with an average time to pay of 23 days in the first period, 15 days in the second period, and 11 days in the third period.
Volatility Analysis
The volatility of LEX LEISURE CIC's invoice payment time has also decreased over the past three periods, with a decrease in the percentage of invoices paid later than 60 days and an increase in the percentage of invoices paid within 30 days.
Summary Analysis
In the most recent period, LEX LEISURE CIC has significantly improved their invoice payment time, with an average time to pay of only 11 days. This is a 52.2% decrease from the first period and a 26.7% decrease from the second period. Additionally, the percentage of invoices paid within 30 days has increased from 90% in the first period to 95% in the third period, while the percentage of invoices paid later than 60 days has decreased from 6% in the second period to only 2% in the third period.
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 | 31 Jan 2025 | 14 | 93% | 5% | 2% | 13% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 15 | 92% | 6% | 2% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Jan 2024 | 23 | 90% | 4% | 6% | 14% |
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 are 30 days following the end of the month in which the invoice is received or dated
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
90
Dispute Resolution Process
Once reported, any dispute is dealt with by the authorised buyer
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.
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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?
❌
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
Lex Leisure CIC is a community interest company that aims to provide high-quality leisure and fitness facilities to local communities while promoting sustainability. They offer a range of services and products to support the health and well-being of individuals and the environment.
Their sustainability program focuses on reducing their carbon footprint and promoting eco-friendly practices. This includes using energy-efficient equipment, reducing waste, and promoting recycling and sustainable transportation options. They also work closely with local authorities and communities to promote sustainable living and environmental awareness.
Lex Leisure CIC offers a variety of leisure and fitness services, including gym memberships, fitness classes, swimming lessons, and sports facilities. They also provide community programs and events to engage and support the local community.
The company is led by a team of experienced and dedicated individuals who are committed to promoting health, well-being, and sustainability. They work closely with the community to understand their needs and provide a range of services and programs to meet those needs.
To learn more about Lex Leisure CIC and their services, you can visit their website at www.lexleisure.org.uk. Their registered office address is 1st Floor, Suite 4, Building 4, Hatters Lane, Croxley Green Business Park, Watford, Hertfordshire, WD18 8YF. They also have various leisure and fitness facilities located throughout the UK.
