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Their own payment-practices filing · gov.uk

Lakehouse Contracts Limited paid suppliers in 49 days on average — within its stated 1–60 day terms

CRN 02603357 · 1 statutory report on record · period to 31 Mar 2018

Dated record. The latest report covers a period ending 31 Mar 2018 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
49daysavg time to pay · H1 2018

Their H1 2018 filing put the average 48 days past the shortest term they state (1 days), still within their 60-day upper term.

Their stated terms
1–60 days
Paid outside agreed terms
91% of invoices
Paid after 61+ days
29%
Reporting period
1 Oct 2017 – 31 Mar 2018
Source
their gov.uk filing, filed 22 Apr 2018

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2018 filing

Paid within their stated range — 49 against 1–60 days

The read · computed from their figures

Lakehouse Contracts Limited's H1 2018 filing put their average at 49 days against stated terms of 1–60 days; 91% of invoices were paid outside agreed terms and 29% took 61 days or longer. Filed 22 Apr 2018.

That is one statutory period on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

LHC Ltd agrees payment terms with suppliers and subcontractors as part of contract negotiations. Payment terms vary from immediately due to 60 days from date of invoice. Our initial standard terms are 30 days for vendors and 45 days for subcontractors.

Dispute resolution

LHC actively seeks to resolve disputes by discussion with relevant suppliers and the Accounts Payable team as first point. Thereafter Commercial teams or management may be involved. Where no agreement can be reached other dispute resolution processes are used such as mediation, adjudication and litigation and/or arbitration.

Other information

LHC is committed to fair dealings with all its supply chain members as a key principle, which includes fair payment terms. Where agreement of payment from the end customer is delayed there can be an impact on payments to the supply chain due to rectification or validation of certain works performed by the supply chain. In those circumstances payments to the supply chain partners is done as soon as reasonably practical.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20184991%29%22 Apr 2018

Illustrative · working-capital arithmetic

What a 49-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 49-day vs a 1-day payment cycle.

≈ £19,500
of invoicing outstanding at any one time on a 49-day cycle — about £18,900 more than the same account would carry at 1-day terms.

Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers · Lakehouse Contracts Limited

What's their typical pay point?
Their latest reports averaged around day 49. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

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 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02603357 · latest period to 31 Mar 2018

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