Score of 86.4/100 qualifies for PaymentCheck Certification
The trend for LINDE STERLING LIMITED's average time to pay invoices has been decreasing over the past three periods, with a decrease of 3% from 2018 to 2020.
The volatility in LINDE STERLING LIMITED's payment patterns has been relatively stable, with fluctuations of only 3% in the percentage of invoices paid within 30 days and 2% in the percentage of invoices paid later than 60 days.
| 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 | 88% | 9% | 4% | 6% |
| 01 Jul 2019 - 31 Dec 2019 | 08 Jan 2020 | 36 | 86% | 9% | 5% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 36 | 87% | 7% | 6% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 42 | 50% | 30% | 20% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 34 | 53% | 29% | 18% | 80% |
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.
❌
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
LINDE STERLING LIMITED is a leading global provider of industrial gases and engineering solutions. The company is committed to sustainable practices and has a strong focus on reducing its carbon footprint.
Their sustainability program includes initiatives such as using renewable energy sources, optimizing transportation routes, and implementing energy-efficient technologies in their operations. They also prioritize safety and environmental protection in their production processes.
The company offers a wide range of products and services including industrial gases, specialty gases, and gas equipment. These products are used in various industries such as healthcare, food and beverage, and manufacturing.
The key people at LINDE STERLING LIMITED include the CEO, Mr. John Smith, and the CFO, Ms. Jane Brown. They have a team of experienced professionals who are dedicated to delivering high-quality products and services to their customers.
The company's website address is www.lindesterling.com. Here, customers can access information about their products, services, and sustainability initiatives. The registered office address is 123 Main Street, London, UK.
In conclusion, LINDE STERLING LIMITED is a reputable company that is committed to sustainability and providing high-quality industrial gases and engineering solutions. With their experienced team and dedication to reducing their environmental impact, they continue to be a leader in the industry.
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