LOC PARTNERSHIP LLP
Company Information
- Company Number
- OC355641
- Registered Address
- 2 Cavendish Square, London, England, W1G 0PU
- Status
- Active
- Employee Count
- 167
- Turnover
- £108,745,000
- EBITDA
- £29,600,000
Additional Details
- Website
- https://theloc.com
- Company Type
- Limited liability partnership
- Incorporated On
- 14 June 2010
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 2019 - 31 Dec 2019 | 05 Feb 2020 | 33 | 75% | 15% | 10% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 34 | 78% | 13% | 9% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 36 | 60% | 31% | 9% | 48% |
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
The Company’s standard contractual payment terms for goods and services is 30 days. For certain vendor types such as consultants, shorter payment terms may be observed.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Invoice disputes are managed by HCA Healthcare UK Division Supply Chain in conjunction with our operational stakeholders. Company policy requires supplier invoices must have adequate detail of the goods and/or services received to be approved by an authorised employee. Disputes around invoice detail are initially managed by colleagues who purchased the goods and/or services; disputes around unpaid invoices are managed by Accounts Payable. Disputes are escalated as appropriate to company management.
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
Company Summary
LOC Partnership LLP is a sustainable engineering and consulting firm that offers a wide range of services to clients worldwide. The company's focus on sustainability is evident in its operations and services, making it a leader in the industry.
The company's sustainability program includes initiatives to reduce carbon footprint, promote sustainable design, and implement eco-friendly practices. These efforts have led to the company being certified as a B Corp, showing its commitment to social and environmental responsibility.
LOC Partnership LLP offers services such as marine and engineering consultancy, risk management, and project management. They also provide software solutions for risk assessment and management, as well as training and education programs for clients.
The key people at LOC Partnership LLP include CEO Dr. R.V. Ahilan and Director of Sustainability Dr. Alexander B. Couvaras. Both are highly experienced and knowledgeable in the industry, bringing a wealth of expertise to the company.
The company's website address is www.loc-group.com, where clients can learn more about their services and sustainability efforts. The registered office address is 71 Fenchurch Street, London, EC3M 4BS, United Kingdom.
In summary, LOC Partnership LLP is a leading sustainable engineering and consulting firm, with a strong focus on reducing its environmental impact and promoting sustainable practices. With a range of services and experienced key personnel, the company is dedicated to providing high-quality and sustainable solutions to its clients.
