Score of 89.5/100 qualifies for PaymentCheck Certification
The average time to pay for LINDE MATERIAL HANDLING SCOTLAND LIMITED has remained relatively consistent over the past three periods, ranging from 31-42 days. However, there was a slight decrease in the last period, indicating a trend towards faster invoice payment.
The volatility of invoice payment for LINDE MATERIAL HANDLING SCOTLAND LIMITED has been low, with the percentage of invoices paid within 30 days consistently high at around 90%. The percentage of invoices paid between 31-60 days has also remained relatively stable, with a small increase in the last period.
From the data provided, it can be seen that LINDE MATERIAL HANDLING SCOTLAND LIMITED has consistently paid invoices within a relatively short period of time, with an average time to pay of 31-42 days. The majority of invoices (around 90%) are paid within 30 days, indicating a strong commitment to timely payment. There has also been a slight trend towards faster invoice payment over the past three periods.
| 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 | 31 | 92% | 7% | 1% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 08 Jan 2020 | 32 | 91% | 7% | 2% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jul 2019 | 32 | 92% | 7% | 1% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 32 | 91% | 8% | 1% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 42 | 26% | 70% | 4% | 69% |
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 Scotland Limited was originally incorporated in 1997 as Lansing Linde Scotland Limited, changing to its current name in 2003. Companies House records classify it under SIC code 99999, meaning it is currently registered as a dormant company. The registered office is in Basingstoke, Hampshire, and it has previously had charges registered in favour of a security trustee, all now satisfied. No evidence is available describing active trading operations, products or services carried out by this entity itself. Given the name, it is likely linked historically to the material handling equipment sector, but current filings show no operational activity.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk