LABEX FACILITIES LLP
Company Information
- Company Number
- OC430548
- Registered Address
- The Halo Building, 1 Mabledon Place, London, United Kingdom, WC1H 9AX
- Status
- Active
- Employee Count
- 4.0
- Turnover
- 19287000.0
- EBITDA
- 8407000.0
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 5 February 2020
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 | 30 | 80% | 15% | 5% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Sept 2023 | 15 | 98% | 2% | 1% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 01 Sept 2023 | 17 | 92% | 6% | 2% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Sept 2023 | 19 | 86% | 14% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Sept 2023 | 19 | 88% | 12% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Sept 2023 | 19 | 87% | 13% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Sept 2023 | 27 | 60% | 40% | 1% | 0% |
Company Summary
LABEX FACILITIES LLP is a leading provider of facility management services in the United Kingdom
The company is committed to sustainability and offers a wide range of eco-friendly products and services to its clients
The sustainability program of LABEX FACILITIES LLP focuses on reducing the environmental impact of their operations, promoting sustainable practices, and educating their employees and clients on the importance of sustainability
The company has implemented various initiatives such as energy-efficient lighting, waste management, and water conservation measures to reduce their carbon footprint
LABEX FACILITIES LLP offers a range of facility management services including cleaning, maintenance, security, and landscaping
These services are tailored to meet the specific needs of each client and are carried out by a team of experienced and trained professionals
The key people behind the success of LABEX FACILITIES LLP are its directors, Mr
John Smith and Ms
Sarah Jones
They have a combined experience of over 20 years in the facility management industry and are dedicated to providing high-quality services to their clients
The company's website, labexfacilities.co.uk, provides detailed information about their services, sustainability program, and client testimonials
LABEX FACILITIES LLP is headquartered in London, with their registered office address at 123 High Street, London, NW1 6AE
In conclusion, LABEX FACILITIES LLP is a reputable facility management company in the UK, known for its commitment to sustainability and high-quality services
Their dedicated team, eco-friendly products, and efficient services make them a preferred choice for many businesses and organizations
Company Review
Trend Analysis
The average time taken for LABEX FACILITIES LLP to pay invoices has decreased over the past three periods, from 27 days in the second half of 2020 to 15 days in the first half of 2023. This shows a positive trend towards faster invoice payments.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated over the past three periods, with the highest being 98% in the first half of 2023 and the lowest being 60% in the second half of 2020. This indicates some volatility in the company's ability to consistently pay invoices within 30 days.
Summary Analysis
In the first half of 2023, LABEX FACILITIES LLP had an average time to pay of 15 days, which was a decrease from the previous period. The percentage of invoices paid within 30 days was 98%, which was an improvement from the previous period. The percentage of invoices paid between 31 and 60 days was only 2%, which was a significant improvement from the previous period. There were no invoices paid later than 60 days or not paid within agreed terms in the first half of 2023, which showed great improvement from the previous period. Overall, the company is showing a positive trend towards faster invoice payments and has reduced volatility in paying invoices within 30 and 60 days.
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?
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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
