Score of 88.2/100 qualifies for PaymentCheck Certification
The trend for LINDE MATERIAL HANDLING EAST LIMITED in terms of average time to pay invoices has been relatively stable over the past three periods, with a slight decrease in the most recent period. The percentage of invoices paid within 30 days has consistently been high, with a slight dip in the second period. The percentage of invoices paid between 31 and 60 days has also remained stable, while the percentage of invoices paid later than 60 days has consistently been low. The percentage of invoices not paid within agreed terms has also remained low.
The volatility of LINDE MATERIAL HANDLING EAST LIMITED's average time to pay invoices has been low, with only a slight decrease in the most recent period. The volatility of the percentage of invoices paid within 30 days has been low as well, with a small dip in the second period. The volatility of the percentage of invoices paid between 31 and 60 days has also been low, while the volatility of the percentage of invoices paid later than 60 days has been very low. The volatility of the percentage of invoices not paid within agreed terms has been low as well.
| 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 2020 - 31 Dec 2020 | 13 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 33 | 91% | 6% | 2% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 08 Jan 2020 | 32 | 92% | 6% | 2% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 33 | 93% | 5% | 2% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 32 | 92% | 6% | 2% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 47 | 24% | 71% | 5% | 89% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are negotiated for each contract
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
90
Invoices which do not match the agreed Purchase Order price, or where goods or services have not been registered as received are automatically blocked for payment until resolved by the department issuing the Purchase Order and/or by the supplier
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
Linde Material Handling East Limited is a leading provider of material handling equipment, solutions and services in the UK. The company is committed to sustainability and has a comprehensive sustainability program in place.
The company offers a wide range of products and services including forklift trucks, warehouse equipment, spare parts, training, and fleet management. They also provide customized solutions for various industries such as logistics, manufacturing, and retail.
Linde Material Handling East Limited's sustainability program focuses on reducing their environmental impact through measures such as energy-efficient technologies, waste reduction, and recycling. They also prioritize the health and safety of their employees, customers, and the community.
The key people at Linde Material Handling East Limited include the Managing Director, Sales Director, and Operations Director, who lead a team of dedicated professionals. Their contact information, including the website address and registered office address, can be found on their official website - https://www.linde-mh.co.uk/. The registered office address is Linde Material Handling East Limited, 10-12 Wellington Place, Belfast, BT1 6GE.
In summary, Linde Material Handling East Limited is a reputable company that offers sustainable material handling solutions and services. Their commitment to sustainability, high-quality products, and dedicated team of professionals make them a preferred choice for businesses in the UK.
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