Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time for LINBROOKE SERVICES LIMITED to pay invoices has decreased over the past three periods. In October 2019 to March 2020, the average time was 48 days, which decreased to 42 days in April 2019 to March 2020. The trend continued in October 2020 to March 2021 with an average payment time of 34 days. However, in the most recent period of October 2021 to March 2022, the average time increased to 43 days.
The percentage of invoices paid within 30 days has remained relatively consistent over the past three periods, with a slight increase from 32% in April 2019 to March 2020 to 35% in October 2020 to March 2021. However, there was a significant decrease in the percentage of invoices paid between 31 and 60 days, from 61% in April 2019 to March 2020 to 51% in October 2021 to March 2022. There was also an increase in the percentage of invoices paid later than 60 days, from 7% in April 2019 to March 2020 to 17% in October 2021 to March 2022.
In the past three periods, LINBROOKE SERVICES LIMITED has shown a trend of decreasing the average time to pay invoices. However, there has been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days. The lowest average time to pay invoices was in the period of October 2020 to March 2021 at 34 days, and the highest was in the most recent period of October 2021 to March 2022 at 43 days.
| 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 2021 - 31 Mar 2022 | 01 Aug 2022 | 43 | 32% | 51% | 17% | 49% |
| 01 Oct 2020 - 31 Mar 2021 | 26 Apr 2021 | 34 | 35% | 61% | 4% | 49% |
| 01 Apr 2020 - 30 Sept 2020 | 26 Apr 2021 | 42 | 32% | 61% | 7% | 38% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Jul 2020 | 48 | 22% | 57% | 21% | 22% |
| 01 Apr 2019 - 31 Mar 2020 | 14 Oct 2020 | 42 | 32% | 61% | 7% | 38% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
https://linbrooke.co.uk/faq/procurement-terms/
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
60
Any disputes with payments are initially passed to the purchase ledger team for resolution with a defined escalation process to 1) commercial managers 2) head of finance
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.
❌
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.
❌
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.
❌
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
Linbrooke Services Limited is a UK company registered for railway and underground railway construction, construction of utility projects for electricity and telecommunications, other specialised construction activities and other telecommunications activities. This points to a business engaged in building and maintaining infrastructure for rail and telecoms networks. According to Companies House records the company is currently in administration, with its registered office held care of an insolvency practitioner, and its accounts and confirmation statement are overdue. No further detail on specific projects, clients or trading activity is available from the evidence provided.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk