Their own payment-practices filing · gov.uk

How long does Lendlease (Elephant & Castle) Limited take to pay its suppliers?

CRN 07196467 · Construction · 8 statutory reports on record · period to 31 Dec 2024

33days

their reported average time to pay suppliers, latest period

Well behindvs a 31-day median across 6,185 recent filers

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

Dated record. The latest report covers a period ending 31 Dec 2024 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status: Active
Type: Private Limited Company
Incorporated: 19 Mar 2010
Registered office: LEVEL 7, 1, LONDON, NW1 2DN

1 outstanding charge — secured borrowing registered Accounts due 31 Mar 2027

Open the full record at Companies House.

Terms vs reality

Stated terms: 0–45 days. Reported average: 33.

Stated terms0–45d

+33 days

Reported avg33d

At a glance

The key figures

0–45d

their stated terms

64%

invoices paid outside terms

+3d

slower over the window

±3d

steady pattern

Vs peers · latest reported averages

fasterslower

Faster than 52% of the 385 large companies reporting in construction.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

H1 2022H2 2022H1 2023H2 2023H1 2024H2 2024

Where their supplier invoices land · latest period

within 30 days 81% 31–60 days 11% 61+ days 8%

The read · computed from their figures

Lendlease (Elephant & Castle) Limited has filed 8 statutory payment periods (earliest H1 2021). Their latest report puts the average at 33 days against stated terms of 0–45 days.

The direction is slower: from 30 to 33 days over the window — about 3 days slower.

In the latest period 64% of invoices were paid outside their agreed terms, and 8% landed 61+ days out.

In their own words · from the filing

Standard payment terms

The Company’s standard payment terms for non-construction contract related payments is 30 days. For construction contracts the payment terms are largely dependent on the specific requirements of individual projects. When calculating the number of days to make payment for construction contracts in this reporting period, the Company has reported the time to pay from the due date to the final date for payment. In prior periods it had added 7 days to reflect the general range of days between an application date and a due date for those contracts governed by the Housing Grant, Constriction and Regeneration Act 1996.

Dispute resolution

All queries regarding non-payment of invoices should be discussed with the Lendlease contact as specified on the Lendlease Purchase Order. Escalation can be managed through the Lendlease Customer Service team. Further escalation will be managed internally when required. For any qualifying subcontracts, any dispute or difference between the parties are subject to the laws of England and Wales and the jurisdiction of the English courts. Payment under construction contracts is subject to statutory adjudication pursuant to the Housing Grant, Construction and Regeneration Act 1996. Only a very small proportion of our payments become the subject to the adjudication and/or court proceedings.

Other information

The Company operates on standard payment terms of 30 days for non-construction related contracts, unless the Company agrees to different terms requested by a supplier.

Every statutory report on record

Most recent first.

Period	Avg days	Outside terms	61+ days	Filed
H2 2024	33	64%	8%	29 Jan 2025
H1 2024	38	26%	13%	29 Jul 2024
H2 2023	32	31%	12%	29 Jan 2024
H1 2023	34	30%	10%	27 Jul 2023
H2 2022	35	28%	13%	27 Jan 2023
H1 2022	30	32%	5%	28 Jul 2022
H2 2021	32	28%	8%	26 Jan 2022
H1 2021	34	23%	11%	23 Jul 2021

Working-capital effect

What a 33-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 33-day vs a 0-day payment cycle.

≈ £13,000

of invoicing outstanding at any one time on a 33-day cycle — about £13,000 more than the same account would carry at 0-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 has moved about 3 days slower over the window (30 → 33 days).

What's their typical pay point?

Their latest reports average around day 33, moving within about ±3 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

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More large companies in construction

Larkfleet Limited · Lendlease Construction (Europe) Limited · Laing O'rourke Services Limited · Lendlease Development (Europe) Limited · Laing O'rourke Construction Limited · Lewisham Gateway Developments Limited

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-07196467 · latest period to 31 Dec 2024

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