GOV.UK
LINDSELL TRAIN LIMITED
Company number: 03941727
Reporting period:
1 February 2018
to 31 July 2018
This report was filed on 28 August 2018
and approved by Michael Lim
Payment statistics
Average time taken to pay invoices: 13 days
Invoices paid:
- within 30 days: 96%
- in 31 to 60 days: 4%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 2 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms
Lindsell Train’s (“LTL”) standard payment terms are to pay correctly issued and valid invoices from suppliers we deal with within thirty calendar days from the date of receipt unless specifically agreed otherwise in writing between the supplier and LTL. If there is an agreed payment terms over 30 day period, the maximum contractual payment period shall be no more than 60 calendar days.
To ensure prompt payment, supplier invoices should be emailed to info@lindselltrain.com . All invoice related query should be addressed to Lydia.plant@lindselltrain.com.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Dispute Resolution Process
LTL aims to resolve queries and disputes on a timely basis. If any amount of the invoice received by LTL is disputed, LTL shall inform the supplier of the grounds for such dispute within fourteen calendar days following the receipt of the service rendered or goods delivered. The supplier can escalate the dispute by emailing Lydia.plant@lindselltrain.com with a copy of invoice and correspondence to date in respect of the dispute and providing an outline of the issues. The finance department will escalate the information to facilitate a resolution where possible. LTL shall not pay the disputed invoice until resolution. If a dispute cannot be resolved after communications with the supplier, legal advice will be sought.
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