LINX PRINTING TECHNOLOGIES LIMITED
Company number: 02066629
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 27 April 2021
and approved by H Sandhu
Payment statistics
Average time taken to pay invoices: 70 days
Invoices paid:
- within 30 days: 9%
- in 31 to 60 days: 21%
- in 61 days or more: 70%
Invoices due but not paid within agreed terms: 51 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
Linx does not have standard terms. When a supplier is engaged payments are subject to negotiation.
Linx is part of a large US corporation which uses common suppliers, so we are often able to leverage payment terms agreed with our parent company
For large suppliers of raw materials who are often overseas suppliers we typically have terms of 60 to 90 days.
With smaller suppliers and providers of labour services it is 30 days or less.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Linx purchasing department initially negotiates terms with suppliers and any subsequent negotiations or disputes
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No