LINECROSS LIMITED has an average payment time of 47 days, placing them firmly in the 31-60 day bracket, which accounts for the majority of their payments at 67%. Only 16% of payments are made within the standard 30-day term, indicating a consistent pattern of extended payment cycles rather than timely settlement. The 17% of payments exceeding 60 days further confirms that late payment is a recurring feature of their payment behaviour, not an isolated occurrence.
With 15% of payments classified as late and 17% exceeding 60 days, there is a moderate but notable level of unpredictability in LINECROSS LIMITED's payment schedule. The concentration of payments in the 31-60 day band suggests some degree of consistency, but the tail risk represented by the over-60-day category introduces meaningful cash flow uncertainty for suppliers. This spread across all three time brackets indicates that payment timing is not reliably controlled, making it difficult to forecast incoming funds with confidence.
LINECROSS LIMITED presents a moderate payment risk profile, with an average payment time of 47 days and only 16% of invoices settled within standard terms, suppliers should anticipate extended payment cycles as the norm. Trading on standard 30-day terms is unlikely to be honoured consistently, so suppliers should consider negotiating terms of 45-60 days to align with actual payment behaviour and reduce administrative overhead from chasing overdue invoices. Credit limits should be set conservatively, and close monitoring of the over-60-day cohort is advisable to identify any deterioration in payment performance early.
| 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 Feb 2024 - 31 Jul 2024 | 22 Aug 2024 | 47 | 16% | 67% | 17% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company’s standard payment terms are that payments will arrive with suppliers on the last working day of the month following receipt of the invoice. Where mutually agreed with the supplier, the company pays some suppliers one month later than the standard arrangement.
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
Any disputes or complaints are raised with the finance department by either email or phone. Disputes are dealt with on a case-by-case basis by a relevant member of the team. The company makes every effort to resolve any disputes within 14 days.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
LINECROSS LIMITED is a private limited company registered and operating in the United Kingdom. The company operates under a corporate structure that provides shareholders with limited liability, a common and established framework for businesses trading across the UK.
LINECROSS LIMITED was incorporated on 18 July 1990 and holds company registration number 02523619 with Companies House. The company is based in the East Midlands region, with its registered office located at Station Road, South Luffenham, Oakham, Rutland, LE15 8NG.
As an active private limited company with over three decades of continuous registration, LINECROSS LIMITED has maintained a long-standing presence on the UK commercial register. Companies of this type and standing operate within the regulatory framework overseen by Companies House, adhering to obligations set out under the Companies Act.
Private limited companies in the UK are required to file annual accounts and confirmation statements, ensuring transparency and accountability within the national business community. LINECROSS LIMITED remains an active entity on the Companies House register, reflecting its continued operational status.