Score of 85/100 qualifies for PaymentCheck Certification
The data for LUXFER HOLDINGS PLC shows a consistent trend of paying invoices within an average of 1 day, with 100% of invoices being paid within 30 days and 0% of invoices being paid between 31 and 60 days or later than 60 days. This trend has remained constant for the past 10 periods from 2018 to 2022.
There is no volatility in the data for LUXFER HOLDINGS PLC as there are no changes in the average time to pay, percentage of invoices paid within 30 days, or percentage of invoices paid between 31 and 60 days or later than 60 days. This indicates a stable payment process for the company.
For the past three periods (2020-2022), LUXFER HOLDINGS PLC has consistently paid invoices within an average of 1 day, with 100% of invoices being paid within 30 days and 0% of invoices being paid between 31 and 60 days or later than 60 days. This shows a strong and consistent payment process for the company.
| 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 |
|---|---|---|---|---|---|---|
| 03 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | |||||
| 01 Jan 2023 - 02 Jul 2023 | 25 Jul 2023 | |||||
| 27 Jun 2022 - 31 Dec 2022 | 30 Jan 2023 | 100 | 100% | 0% | 0% | 0% |
| 01 Jan 2022 - 26 Jun 2022 | 22 Jul 2022 | 1 | 100% | 0% | 0% | 0% |
| 28 Jun 2021 - 31 Dec 2021 | 01 Feb 2022 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2021 - 27 Jul 2021 | 30 Jul 2021 | 1 | 100% | 0% | 0% | 0% |
| 29 Jun 2020 - 31 Dec 2020 | 28 Jan 2021 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 28 Jun 2020 | 24 Jul 2020 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 1 | 100% | 0% | 0% | 0% |
| 02 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 01 Jul 2018 | 20 Jul 2018 | 1 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The business does not have standard payment terms, invoices are paid on receipt.
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
30
Any disputes would be passed back to the invoice authoriser to review and once confirmed they would be paid within the usual timescale is 1 day.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
LUXFER HOLDINGS PLC is a multinational company that specializes in the design, manufacture, and supply of high-performance materials, components, and gas cylinders. The company was founded in 1898 and is headquartered in Salford, United Kingdom.
The company has a strong commitment to sustainability and is focused on reducing its environmental impact. LUXFER has implemented various sustainability initiatives, such as reducing energy consumption, increasing the use of renewable energy sources, and implementing recycling programs. The company also works closely with its suppliers to ensure sustainable sourcing of materials.
LUXFER offers a wide range of products and services, including lightweight, high-strength aluminium and magnesium components, advanced carbon composites, and high-pressure gas cylinders. These products are used in a variety of industries, including aerospace, automotive, healthcare, and alternative energy.
The key people at LUXFER HOLDINGS PLC include Chairman David Landless and CEO Alok Maskara. The company has a team of experienced professionals who are dedicated to delivering high-quality products and services to their customers.
To learn more about LUXFER HOLDINGS PLC and its sustainability efforts, interested individuals can visit their website at www.luxfer.com. The company's registered office address is Luxfer House, Swinton, Salford, M27 8LN, United Kingdom.
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