The trend for LINDE SEVERNSIDE LIMITED shows a consistent average time to pay of 32 days over the past three periods. However, there has been a slight decrease in the percentage of invoices paid later than 60 days, from 4% in the first period to only 1% in the last period.
The level of volatility for LINDE SEVERNSIDE LIMITED is relatively low, with the majority of invoices being paid within 30 days and a consistent average time to pay. The highest volatility can be seen in the percentage of invoices paid later than 60 days, with a decrease from 71% in the first period to only 1% in the last period.
| 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 Jul 2019 - 31 Dec 2019 | 08 Jan 2020 | 32 | 92% | 7% | 1% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 32 | 92% | 6% | 2% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 32 | 91% | 7% | 1% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 30 | 25% | 71% | 4% | 86% |
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 Severnside Limited is a dormant company registered in England, incorporated in 1997. It was originally named Lansing Linde South West Limited before adopting its current name in 2003. Companies House records show it has filed dormant company accounts for several consecutive years and its confirmation statements report no trading activity. The company's directors are linked to other Linde-associated entities, suggesting it forms part of a wider corporate group, but no evidence indicates it currently carries out any trading operations, products or services of its own.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk