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Their own payment-practices filing · gov.uk

Lyb Treasury Services Ltd. paid suppliers in 63 days on average — within its stated 30–90 day terms

CRN 09805589 · Financial services · 10 statutory reports on record · period to 31 Dec 2022

Dated record. The latest report covers a period ending 31 Dec 2022 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
63daysavg time to pay · H2 2022

Their H2 2022 filing put the average 33 days past the shortest term they state (30 days), still within their 90-day upper term.

Their stated terms
30–90 days
Paid outside agreed terms
100% of invoices
Paid after 61+ days
66%
Reporting period
1 Jul 2022 – 31 Dec 2022
Source
their gov.uk filing, filed 19 Jan 2023

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

Terms vs reality · their H2 2022 filing

Paid within their stated range — 63 against 30–90 days

The pattern · last 6 of 10 reports

0 → 63 days — slower across the window

The read · computed from their figures

Lyb Treasury Services Ltd.'s H2 2022 filing put their average at 63 days against stated terms of 30–90 days; 100% of invoices were paid outside agreed terms and 66% took 61 days or longer. Filed 19 Jan 2023.

The direction is slower: from 0 days in H1 2020 to 63 now — 63 days slower across their last 6 reports.

That is 10 statutory periods 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

Payment terms are referred to in the conditions printed with all Purchase Orders and Outline Agreements known as the General Conditions of Purchase (GCP) which states “Payment shall be made within 60 days of the receipt of a properly compiled invoice unless otherwise agreed in writing with the Purchaser”

Dispute resolution

LyondellBasell's central Accounts Payable function is responsible for payment of invoices. All invoices are only processed for payment once there is clearance/approval in our internal systems based on delegation of authority. Common dispute items such as incorrect company name, error in amounts etc can be directly resolved by the Accounts Payable function. For others, the relevant department is involved to address the issues directly with the vendor. The latter are handled on case by case basis. The Purchase Orders are governed by English Law and the parties involved agree to submit to the jurisdiction of the English Courts.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 202263100%66%19 Jan 2023
H1 202200%0%29 Jul 2022
H2 202100%0%31 Jan 2022
H1 202119100%0%30 Jul 2021
H2 20202750%0%28 Jan 2021
H1 202000%0%29 Jul 2020
H2 2019170%0%28 Jan 2020
H1 201900%0%24 Jul 2019
H2 2018107100%100%22 Jan 2019
H1 201835100%0%27 Jul 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
2 Oct 2015
Registered office
1 VINE STREET, LONDON, W1J 0AH
0 outstanding charges on the register Accounts due 30 Sept 2026 — overdue

Open the full record at Companies House.

Illustrative · working-capital arithmetic

What a 63-day cycle ties up

A worked example, not a finding. On a hypothetical £12k/month account, at a 63-day vs a 30-day payment cycle.

≈ £25,000
of invoicing outstanding at any one time on a 63-day cycle — about £13,000 more than the same account would carry at 30-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 · Lyb Treasury Services Ltd.

Are they getting slower or faster?
Their reported average has moved about 63 days slower over the window (0 → 63 days).
What's their typical pay point?
Their latest filed report put the average at day 63; across their last 6 reports it ranged 0–63 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.
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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-09805589 · latest period to 31 Dec 2022

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