The average time to pay for invoices from LINDE MATERIAL HANDLING SOUTH EAST LIMITED has remained relatively consistent over the past three periods, ranging from 32-33 days. However, there has been a significant improvement in the percentage of invoices paid within 30 days, increasing from 25% in the first period to 91% in the most recent period. This suggests that the company has made efforts to improve their payment practices and pay their suppliers in a timely manner.
The volatility in the average time to pay for LINDE MATERIAL HANDLING SOUTH EAST LIMITED is relatively low, with only a one-day difference between the shortest and longest periods. However, there is some volatility in the percentage of invoices paid within 30 days, with a 67% increase between the first and most recent periods.
From January 2018 to December 2020, LINDE MATERIAL HANDLING SOUTH EAST LIMITED has maintained an average time to pay of 32-33 days for invoices. However, there has been a significant improvement in their payment practices, with a 66% increase in the percentage of invoices paid within 30 days. This shows a commitment to paying suppliers promptly.
| 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 Jun 2019 - 31 Dec 2019 | 08 Jan 2020 | 32 | 91% | 7% | 1% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 33 | 91% | 6% | 2% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 32 | 92% | 6% | 2% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 41 | 25% | 71% | 3% | 91% |
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 SOUTH EAST LIMITED is a leading provider of material handling equipment and services in the UK. They have a strong commitment to sustainability and offer a range of environmentally friendly products and services.
Their sustainability program focuses on reducing carbon emissions, promoting energy efficiency, and implementing sustainable practices in their operations. They also have a recycling program in place to reduce waste and promote circular economy.
The company offers a wide range of material handling equipment, including forklift trucks, reach trucks, and pallet trucks, to cater to various industries such as warehousing, logistics, and manufacturing. They also provide maintenance and repair services to ensure the smooth functioning of their equipment.
The key people leading the company are Managing Director, Andrew Daly, and Sales Director, David Bowen. They bring a wealth of experience and expertise in the material handling industry.
To get in touch with LINDE MATERIAL HANDLING SOUTH EAST LIMITED, their registered office address is Linde Material Handling South East Ltd, Waverley Industrial Park, Hailsham, East Sussex, BN27 3JF. Their website address is https://www.linde-mh.co.uk/. They also have a customer service hotline and email support for any inquiries.