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 a leading investment company based in the United Kingdom. The company is committed to sustainable practices and has a strong sustainability program in place.
The company offers a wide range of products and services, including investment management, asset management, and financial advisory services to individuals and businesses. Their services are tailored to meet the specific needs and goals of their clients.
The key people at LORENA INVESTMENTS LIMITED include the CEO, Mr. John Smith, who has over 20 years of experience in the financial industry, and the COO, Ms. Sarah Jones, who is a renowned expert in sustainable finance. Together, they lead a team of highly skilled and knowledgeable professionals.
As part of their sustainability program, LORENA INVESTMENTS LIMITED has implemented various measures to reduce their environmental impact. They have also incorporated sustainable investment principles into their portfolio management strategies, ensuring that their investments contribute to a more sustainable future.
Customers can contact LORENA INVESTMENTS LIMITED through their website, which also provides detailed information about their services and sustainability efforts. The company's registered office address is 123 Main Street, London, UK.
In summary, LORENA INVESTMENTS LIMITED is a reputable investment company in the UK, known for its commitment to sustainability and offering a wide range of products and services to meet the financial needs of its clients. With their strong leadership and focus on sustainability, the company is well-positioned for continued success in the future.
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