LEIDOS INNOVATIONS UK LTD
Company Information
- Company Number
- SC112421
- Registered Address
- Skypark 1 8 Elliot Place, Glasgow, Scotland, G3 8EP
- Status
- Active
- Employee Count
- 928.0
- Turnover
- 145828000.0
- EBITDA
- -794000.0
Additional Details
- Website
- https://leidos.com
- Company Type
- Private limited Company
- Incorporated On
- 25 July 1988
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Information Technology,Telecommunications And Data,Professional Services
- Region
- West of Scotland
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 | 31 Jan 2024 | 35 | 73% | 18% | 9% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 36 | 56% | 34% | 10% | 48% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 34 | 68% | 22% | 9% | 32% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 31 | 73% | 21% | 6% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 30 | 79% | 15% | 6% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 40 | 58% | 30% | 12% | 41% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 33 | 74% | 18% | 8% | 29% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 27 | 84% | 13% | 2% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 28 | 82% | 14% | 3% | 26% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 30 | 75% | 21% | 4% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 29 | 76% | 20% | 4% | 31% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 27 | 70% | 28% | 2% | 38% |
Company Summary
LEIDOS INNOVATIONS UK LTD is a leading technology and engineering company based in the United Kingdom
The company provides innovative solutions and services in the fields of defense, intelligence, civil and health markets
Under its sustainability program, LEIDOS INNOVATIONS UK LTD is committed to operating in an environmentally responsible manner
The company actively promotes the use of renewable energy, reduces waste and emissions, and implements sustainable procurement practices
The company's products and services include advanced technology systems, cybersecurity solutions, data analytics, and consulting services
Their products and services are designed to provide secure and efficient solutions to their clients, while also contributing to sustainable practices
LEIDOS INNOVATIONS UK LTD is led by a team of experienced and knowledgeable individuals, including its UK Chief Executive Officer, Simon Fovargue
The company prides itself on its strong leadership and diverse workforce, with a focus on promoting diversity and inclusion in the workplace
For more information about LEIDOS INNOVATIONS UK LTD and its services, interested parties can visit their website at www.leidos.com/uk or contact their registered office at 9-10 Charlotte Mews, London, W1T 4EQ
The company is committed to providing high-quality and sustainable solutions to their clients and continues to be a leader in the technology and engineering industry in the UK
Company Review
Trend Analysis
The average time taken for LEIDOS INNOVATIONS UK LTD to pay invoices to suppliers has remained relatively consistent over the past three periods, with a slight decrease from 2018-2020 and a slight increase from 2020-2023. The percentage of invoices paid within 30 days has also remained consistent, while there has been a decrease in the percentage of invoices paid between 31-60 days and an increase in the percentage of invoices paid later than 60 days.
Volatility Analysis
The volatility in LEIDOS INNOVATIONS UK LTD's payment process can be seen in the varying percentages of invoices paid within 30 days, between 31-60 days, and later than 60 days over the past three periods. There is also a noticeable increase in the percentage of invoices not paid within agreed terms in 2023 compared to previous years.
Summary Analysis
The average time taken for LEIDOS INNOVATIONS UK LTD to pay invoices to suppliers has increased slightly from 27 days in 2018 to 36 days in 2023. The percentage of invoices paid within 30 days has remained consistent at around 75-80%, while the percentage of invoices paid between 31-60 days has decreased from 28% in 2018 to 34% in 2023. However, there has been an increase in the percentage of invoices paid later than 60 days, from 2% in 2018 to 12% in 2023. The shortest (or only) standard payment period for the company remains at 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Invoices shall be submitted by email to the identified mailbox on the PO cover. Hard copies shall be sent to Accounts Payable Department as identified on the PO cover and shall contain the following information: Order number, part number, description of articles, sizes, quantities, unit prices and extended totals. Invoices submitted hereunder will be paid net Thirty (30) calendar days after receipt of invoices or acceptance of delivered items by Leidos, whichever occurs later, unless otherwise specified on the PO cover. Before payment, Leidos may make any adjustments to Seller’s invoices to accommodate shortages, late delivery, rejections, or other failure to comply with the requirements of any Orders. Cash discounts will be taken from date of final acceptance of delivered items, or the date of acceptable invoice, whichever is later. Payment shall not constitute final acceptance. Leidos may offset against any payment hereunder any amount owed to Leidos by the Seller
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
30
Dispute Resolution Process
Leidos and Seller agree to enter into negotiations to resolve any controversy, claim or dispute (“dispute”) arising under or relating to the Order. The parties agree to negotiate in good faith to reach a mutually agreeable resolution of such dispute within a reasonable period of time. If good faith negotiations are unsuccessful, Leidos and Seller agree to resolve the dispute by non-binding arbitration in accordance with the rules of arbitration of The Chartered Institute of Arbitrators in the United Kingdom and by Arbitrators appointed in accordance with such rules in effect.
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
