Their own payment-practices filing · gov.uk
How long does Lockheed Martin UK Limited take to pay its suppliers?
Self-reported figure from their statutory filing. How this is compiled.
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 17 Apr 1989
- Registered office
- C/O LEGAL COUNSEL BUILDING 7000, LANGSTONE PARK, HAVANT, PO9 1SW
Terms vs reality
Stated terms: 30–60 days. Reported average: 29.
At a glance
The key figures
Vs peers · latest reported averages
The pattern
Holding steady
Average days to pay across their last 6 statutory reports.
Where their supplier invoices land · latest period
The read · computed from their figures
Lockheed Martin UK Limited has filed 17 statutory payment periods (earliest H1 2018). Their latest report puts the average at 29 days against stated terms of 30–60 days.
The pattern is steady — their reported average moves within about ±1 days period to period.
In the latest period 10% of invoices were paid outside their agreed terms, and 1% landed 61+ days out.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
When approving payments, the following process applies, although site specific requirement can vary the exact process: Automated Invoice received and matched to PO. Automated workflow will present to invoice approver. System will continue to prompt approver until approved or rejected. In the event of a discrepancy, invoice is presented to the buyer to resolve. Manual Where the buyer manually received an invoice for approval; buyer verifies the accuracy of the associated invoice and deliverables due/received. Buyer processes invoice in accordance with manual payment process as either approved or rejected. Discrepancies are dealt with at point of validation of invoice accuracy.
Dispute resolution
In the event that the invoice is incorrect the buyer shall contact the supplier to discuss and agree a correction. The invoice is then rejected and returned as unpaid to the supplier. A new invoice and or credit note will then need to be issued by the supplier. If a suitable resolution cannot be agreed between the buyer and supplier, then either party can resort to the dispute resolution language in the agreed contract terms and conditions.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 29 | 10% | 1% | 22 Jul 2026 |
| H2 2025 | 28 | 0% | 1% | 20 Jan 2026 |
| H1 2025 | 28 | 10% | 1% | 25 Jul 2025 |
| H2 2024 | 28 | 12% | 1% | 23 Jan 2025 |
| H1 2024 | 28 | 7% | 1% | 16 Jul 2024 |
| H2 2023 | 27 | 7% | 1% | 23 Jan 2024 |
| H1 2023 | 28 | 7% | 1% | 13 Jul 2023 |
| H2 2022 | 28 | 9% | 1% | 24 Jan 2023 |
| H1 2022 | 29 | 9% | 1% | 20 Jul 2022 |
| H2 2021 | 28 | 8% | 1% | 14 Jan 2022 |
| H1 2021 | 28 | 11% | 1% | 21 Jul 2021 |
| H2 2020 | 29 | 15% | 2% | 25 Jan 2021 |
| H1 2020 | 30 | 20% | 2% | 17 Jul 2020 |
| H2 2019 | 29 | 14% | 1% | 28 Jan 2020 |
| H1 2019 | 27 | 13% | 1% | 23 Jul 2019 |
| H2 2018 | 28 | 25% | 1% | 24 Jan 2019 |
| H1 2018 | 27 | 23% | 1% | 24 Jul 2018 |
Quick answers
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-02372738 · latest period to 30 Jun 2026
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