Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 100/100 qualifies for PaymentCheck Certification
The average time to pay for LORENA INVESTMENTS LIMITED has consistently decreased over the past three periods, with a significant drop from 49 days in the first period to only 1 day in the most recent period.
There is no data available for the last three periods, so it is difficult to determine any significant patterns or volatility in the company's payment behavior.
| 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 | 26 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 15 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 9 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jul 2019 | 6 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 49 | 33% | 17% | 50% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company's standard payment term are that invoiced amounts are paid within 30 days of the end of the month in which a correctly rendered invoice is received. Significant contracts are subject to specific credit terms negotiated and set out at the contracting stage and will therefore vary.
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
30
Any disputes unresolved with the accounts payable department are escalated to the Company Secretary and thereafter, if unresolved, to the Finance Director.
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
LORENA INVESTMENTS LIMITED is an active private limited company, incorporated on 21 November 2014, based in the Scotland region. Registered business activity: Activities of head offices.
From Companies House records.