Score of 89.83/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 16 Jan 2026 | 19 | 90% | 8% | 2% | 15% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 20 | 84% | 15% | 1% | 22% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 18 | 88% | 11% | 1% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 17 | 92% | 8% | 0% | 14% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 18 | 92% | 7% | 1% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 20 | 85% | 13% | 2% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 22 | 87% | 10% | 3% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 21 | 88% | 9% | 3% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 23 | 79% | 17% | 4% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 27 | 76% | 15% | 9% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 29 | 71% | 21% | 8% | 44% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 17 | 87% | 11% | 2% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 19 | 88% | 9% | 3% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 17 | 91% | 7% | 2% | 31% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 21 | 86% | 10% | 4% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most frequently used payment terms for qualifying contracts require payment within 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Our policy is to make payment in accordance with the terms of any contract in place. In the event of a dispute, the person or department responsible for the contract will seek to resolve any dispute with the supplier. If that is unsuccessful, the dispute resolution process set out in the contract will be followed.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
The London Metal Exchange (LME) is a leading global market for trading and pricing of metals. Established in 1877, it is the world's largest futures exchange for industrial and base metals.
The LME's sustainability program is focused on promoting responsible and sustainable practices in the metals industry. It works closely with its members and stakeholders to ensure ethical and environmentally-friendly production and trading of metals.
The LME offers a wide range of products and services, including futures and options contracts for base metals such as copper, aluminium, nickel, zinc, and lead. It also provides hedging tools, price discovery, and market data services to its members and clients.
One of the key people at the LME is its CEO, Matthew Chamberlain, who is responsible for the overall management and strategic direction of the exchange. The exchange is overseen by a board of directors and has a team of experienced professionals who manage its day-to-day operations.
The contact information for the LME is as follows: website - www.lme.com, registered office address - 10 Finsbury Square, London EC2A 1AJ, United Kingdom. The exchange also has representative offices in New York, Singapore, and Hong Kong.
In conclusion, the London Metal Exchange is a renowned global market for trading and pricing of metals, with a strong focus on sustainability and responsible practices. It offers a diverse range of products and services and is led by a team of experienced professionals. Its headquarters are located in London, UK, and it has representative offices in major financial centers around the world.
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