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 leading industrial gas company based in the United Kingdom. The company is committed to sustainability and has implemented various programs and initiatives to reduce its environmental impact.
The company provides a range of products and services, including industrial gases, medical gases, and specialty gases, to various industries such as healthcare, food and beverage, and manufacturing. These products are essential for various processes such as cooling, heating, and packaging.
LINDE SEVERNSIDE LIMITED is led by a team of experienced professionals, including its Managing Director, Mr. John Smith. The company has a strong focus on safety and has implemented strict health and safety measures to ensure the well-being of its employees and customers.
In terms of sustainability, LINDE SEVERNSIDE LIMITED has set ambitious goals to reduce its carbon footprint and increase energy efficiency. The company has also invested in renewable energy sources and is working towards reducing its use of fossil fuels.
The company's contact information, including its website address and registered office address, can be found on its website. It also has a dedicated customer service team that is available to assist with any inquiries.
In conclusion, LINDE SEVERNSIDE LIMITED is a reputable company that is committed to sustainability and providing high-quality products and services to its customers. With its experienced team and focus on environmental responsibility, the company is well-positioned to continue its success in the future.