RIDGE SURVEYORS LIMITED
Company number: 03098448
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
2 August 2025
Approved by:
Ed Etheston
Payment statistics
Average time taken to pay invoices: 20 days
Total value paid:
- within 30 days: £2,623,779 (90%)
- in 31 to 60 days: £266,061 (9%)
- in 61 days or more: £26,758 (< 1%)
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 4%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £1,042,901
- payments due in the reporting period which have not been paid within the agreed period: 33%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
30 days
Standard payment terms
Standard payment terms are not imposed and suppliers are paid on the payment terms they have pre agreed. These range from 7, 14 and 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
A Purchase Order is raised for the supply of goods and services, which indicates where invoices should be sent.
Properly prepared and submitted invoices are logged onto the Purchase Ledger within 24 hours of receipt. If the invoice is not properly prepared the supplier is advised of what needs to be done to correct the invoice before resubmission.
Should a dispute arise the supplier should contact the Ridge Purchase Ledger Team by telephone or email and provide details of their concerns.
If the Purchase Ledger Team cannot resolve the issues they will seek assistance from the individual within the business responsible for the ordering and approval of the goods or service supplied.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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