THE LYCRA COMPANY UK LIMITED
Company Information
- Company Number
- 10810919
- Registered Address
- One, St. Peter's Square, Manchester, United Kingdom, M2 3DE
- Status
- Active
- Employee Count
- 356
- Turnover
- £191,280,000
- EBITDA
- £13,679,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 9 June 2017
- Nature of Business
- 20600 - Manufacture of man-made fibres
- Industries
- Coming Soon
- Region
- North West
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 Jan 2025 - 30 Jun 2025 | 14 Oct 2025 | 50 | 23% | 32% | 45% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 14 Jan 2025 | 40 | 23% | 33% | 44% | 73% |
| 01 Jan 2024 - 30 Jun 2024 | 03 Jul 2024 | 54 | 21% | 32% | 47% | 76% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 58 | 29% | 34% | 36% | 24% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 57 | 26% | 31% | 42% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 53 | 29% | 39% | 33% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 07 Jul 2021 | 58 | 31% | 35% | 34% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 14 Jan 2021 | 58 | 26% | 40% | 33% | 21% |
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
30-60 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
90
Dispute Resolution Process
General queries on payment dates for invoices are handled by the AP Customer Service help desk. Queries on terms of payment or price of goods are forwarded to the business procurement team to handle directly with the vendor.
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.
❌
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
THE LYCRA COMPANY UK LIMITED is a leading global manufacturer and marketer of innovative fiber and technology solutions. The company is committed to sustainability and has a strong focus on environmental responsibility, social responsibility and corporate governance.
The company offers a wide range of products and services, including LYCRA® fiber, COOLMAX® fiber, THERMOLITE® fiber, and STAINMASTER® carpet fiber. These products are used in a variety of industries such as apparel, home textiles, and automotive.
The sustainability program of THE LYCRA COMPANY UK LIMITED includes initiatives to reduce energy and water consumption, minimize waste, and promote recycling. The company also works closely with its suppliers to ensure responsible sourcing of materials and ethical labor practices.
Key people in the company include CEO Yafu Qiu, who has over 35 years of experience in the textile industry, and Global Sustainability Director Jean Hegedus, who leads the company's sustainability efforts. The company also has a team of experts in research and development, marketing, and supply chain management.
For more information on THE LYCRA COMPANY UK LIMITED and its products and services, you can visit their website at www.lycra.com/uk or contact their registered office at The Malthouse, 537 Queensferry Road, Edinburgh, EH4 7DF, United Kingdom.
