The trend for LS QAM LIMITED shows a steady decrease in the average time taken to pay invoices to suppliers. This trend suggests that the company is becoming more efficient in their payment processes and is able to pay invoices at a faster rate.
There is no significant volatility in LS QAM LIMITED's payment patterns, as demonstrated by the consistent 100% of invoices paid within 30 days and no invoices paid later than 60 days. This suggests a stable and reliable payment process.
| 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 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 32 | 57% | 43% | 0% | 0% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | |||||
| 01 Oct 2022 - 31 Mar 2023 | 25 Apr 2023 | |||||
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | |||||
| 01 Oct 2021 - 31 Mar 2022 | 22 Apr 2022 | |||||
| 01 Apr 2021 - 30 Sept 2021 | 21 Oct 2021 | 5 | 100% | 0% | 0% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 23 Apr 2021 | 20 | 100% | 0% | 0% | 0% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 14 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices for Goods and/or Services supplied in accordance with the Contract shall be paid no later than 30 days after receipt by the Buyer of a proper invoice or, if later, 30 days after acceptance of the Goods or Services in question by the Buyer or, as may otherwise be agreed in writing between the Buyer and the Seller from time to time.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
There were no payments made to small business during this reporting period.
Maximum contractual payment period agreed
30
We aim to resolve any disagreements in a constructive manner. Any disagreements should be flagged with your usual contact at Landsec and escalated through their line manager. However if you should have a complaint please contact, in writing: Alex Peeke Head of Legal & Property Records Land Securities Group PLC 100 Victoria Street London SW1E 5JL We aim to: acknowledge complaints within 5 working days of receipt. respond to complaints within 20 working days of initial receipt. In exceptional circumstances we may require additional time to investigate the complaint. If this is necessary, we will advise you within the initial 20 day period. We will endeavour to respond to your complaint within 30 working days of its initial receipt.
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
LS QAM LIMITED is a British company that specializes in providing quality assurance and management services to various industries. The company was established in 2005 and is headquartered in London, with offices in other major cities in the UK.
The company offers a wide range of services including software testing, quality control, project management, and process improvement. They also provide training and consulting services to help businesses improve their overall performance. LS QAM LIMITED prides itself on its high-quality services and has established a strong reputation in the industry.
In addition to their business activities, LS QAM LIMITED also has a strong focus on sustainability. They have implemented various initiatives to reduce their environmental impact and promote sustainable practices. This includes using eco-friendly materials and reducing their carbon footprint through efficient energy use. The company also encourages their clients to adopt sustainable practices in their operations.
LS QAM LIMITED has a team of highly experienced and skilled professionals who are dedicated to delivering excellent services to their clients. They are committed to continuously improving their processes and staying updated with the latest industry standards.
To learn more about LS QAM LIMITED and their services, interested individuals can visit their website at www.ls-qam.co.uk. The company's registered office address is located at 10 Waterside Plaza, 1 Doulton Road, London, SE1 2RQ. They can also be contacted via email at info@ls-qam.co.uk or through their phone number +44 (0) 20 7378 9333.
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