LABEX ANALYTICS LLP
Company Information
- Company Number
- OC430544
- Registered Address
- The Halo Building, 1 Mabledon Place, London, United Kingdom, WC1H 9AX
- Status
- Active
- Employee Count
- 289
- Turnover
- £16,020,000
- EBITDA
- -£1,060,000
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 5 February 2020
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken by LABEX ANALYTICS LLP to pay invoices has been decreasing over the past three periods, from 26 days in 2020 to 13 days in 2022. This indicates an improvement in their payment process.
Volatility Analysis
The volatility in LABEX ANALYTICS LLP's payment process is relatively low, with the average time to pay varying by only 12 days over the past three periods.
Summary Analysis
In the most recent period (Jan 2023 to Jun 2023), LABEX ANALYTICS LLP took an average of 16 days to pay invoices, with 94% of invoices paid within 30 days. This is a 3% increase in the proportion of invoices paid within 30 days compared to the previous period (Jul 2022 to Dec 2022), indicating an improvement in their payment timeliness. However, there was a slight increase in the proportion of invoices paid between 31 and 60 days (from 3% to 4%) and a decrease in the proportion of invoices paid later than 60 days (from 2% to 1%). This suggests that while LABEX ANALYTICS LLP has improved their payment process, they may still have some delays in paying certain invoices.
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 | 06 Feb 2024 | 46 | 40% | 37% | 22% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Sept 2023 | 16 | 94% | 4% | 1% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Sept 2023 | 19 | 82% | 17% | 1% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Sept 2023 | 16 | 90% | 6% | 4% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Sept 2023 | 14 | 93% | 5% | 2% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Sept 2023 | 26 | 74% | 17% | 10% | 0% |
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
14 days for contractors, medical consultants, and self-employed individuals; 30 days for all other invoices; 45 or 60 days on specific contracts; Or as otherwise agreed with the supplier. We aim to pay at the latest 60 days after invoice receipt if there are issues that delay payment.
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
60
Dispute Resolution Process
Please refer first to the Terms and Conditions of Supply on our Purchase Orders and ensure that your invoice matches the requirements of the purchase order, and is addressed to the correct entity within the HSL group. If you are happy you have complied with these requirements, disputes and complaints should be first escalated to the Accounts Payable team at ap@tdlpathology.com The next steps would be to contact the AP Manager, the Shared Services Manager, the Director of Finance and then the CFO through our main switchboard number as shown on the website for Health Services Laboratories. We seek to resolve disputes amicably and speedily, and we are happy to refer the case to a dispute resolution service if necessary, in line with the terms on our POs.
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?
❌
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
LABEX ANALYTICS LLP is a leading company in the field of analytics and data management, committed to providing sustainable solutions to businesses. They offer a wide range of products and services that cater to the diverse needs of their clients.
Their sustainability program focuses on minimizing environmental impact by using eco-friendly materials and reducing waste in their operations. They also prioritize ethical and responsible practices in their supply chain and work towards reducing their carbon footprint.
Their products and services include data analytics, data management, and consulting services for businesses of all sizes. They use innovative technologies and techniques to help their clients make informed decisions and streamline their operations.
The key people at LABEX ANALYTICS LLP are a team of experienced professionals who are dedicated to providing top-notch services to their clients. They have a strong commitment to sustainability and constantly strive to improve and innovate in their field.
Their website address is www.labexanalytics.com, where interested individuals can find more information about their products and services. The registered office address for LABEX ANALYTICS LLP is 10 Queen Street Place, London, EC4R 1BE, United Kingdom.
In conclusion, LABEX ANALYTICS LLP is a reputable company that offers sustainable solutions in the field of analytics and data management. With their commitment to ethical practices and innovative approach, they are a trusted partner for businesses looking to improve their operations and reduce their environmental impact.
