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Their own payment-practices filing · gov.uk

How long does LGC Limited take to pay its suppliers?

CRN 02991879 · Professional & technical services · 16 statutory reports on record · period to 31 Mar 2026

49days
their reported average time to pay suppliers, latest period
Slower than mostvs a 31-day median across 6,185 recent filers

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

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On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
18 Nov 1994
Registered office
THE PRIESTLEY CENTRE 10 PRIESTLEY ROAD, GUILDFORD, GU2 7XY
0 outstanding charges on the register Accounts due 31 Dec 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 7–120 days. Reported average: 49.

Stated terms7–120d
+42 days
Reported avg49d

At a glance

The key figures

7–120d
their stated terms
47%
invoices paid outside terms
±5d
steady pattern

Vs peers · latest reported averages

fasterslower
Slower than 81% of the 530 large companies reporting in professional & technical services.

The pattern

Holding steady

Average days to pay across their last 6 statutory reports.

terms 7d
51
43
43
40
48
49
H2 2023H1 2024H2 2024H1 2025H2 2025H1 2026

Where their supplier invoices land · latest period

within 30 days 43% 31–60 days 22% 61+ days 35%

The read · computed from their figures

LGC Limited has filed 16 statutory payment periods (earliest H2 2018). Their latest report puts the average at 49 days against stated terms of 7–120 days.

The pattern is steady — their reported average moves within about ±5 days period to period.

In the latest period 47% of invoices were paid outside their agreed terms, and 35% landed 61+ days out.

In their own words · from the filing

Standard payment terms

Unless otherwise agreed between the parties, LGC Limited pays approved invoices within 60 days from the end of the month of whichever is the later of; (a) receipt of invoice; or (b) final completion of the services or final delivery of goods.

Dispute resolution

Payment processing is managed within LGC Limited by the Accounts Payable function and any delayed supplier payment queries that may arise are actioned by this team. In the event they are unable to resolve the matter, or if the dispute relates to services/goods provided or received, the query will be discussed between the supplier and the relevant functional/operational manager or finance/legal/procurement personnel to ensure satisfactory resolution. All queries on supplier invoices and payments should be directed to [email protected].

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 20264947%35%13 Apr 2026
H2 20254840%37%28 Oct 2025
H1 20254051%25%15 Apr 2025
H2 20244342%28%28 Oct 2024
H1 20244347%27%30 Apr 2024
H2 20235144%36%26 Oct 2023
H1 20234650%31%28 Apr 2023
H2 20224740%36%17 Oct 2022
H1 20224660%31%19 Apr 2022
H2 20215253%38%13 Oct 2021
H1 20215266%41%15 Apr 2021
H2 20205264%38%2 Nov 2020
H1 20205870%45%29 Apr 2020
H2 20195577%43%29 Oct 2019
H1 20195072%39%29 Apr 2019
H2 20185276%41%30 Oct 2018

Working-capital effect

What a 49-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 49-day vs a 7-day payment cycle.

≈ £19,500
of invoicing outstanding at any one time on a 49-day cycle — about £16,600 more than the same account would carry at 7-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act 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

Are they getting slower or faster?
Their reported average is steady — within about ±5 days period to period, around 49 days.
What's their typical pay point?
Their latest reports average around day 49, moving within about ±5 days. 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.

Stay ahead

Watch LGC Limited (free)

Their next payment report is due ≈ 27 Oct 2026. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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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 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02991879 · latest period to 31 Mar 2026

Verify the original Companies House file

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