RICOH UK PRODUCTS LIMITED
Company number: 01763860
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
21 October 2025
Approved by:
Rod Baggott
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 41 days
Total value paid:
- within 30 days: £34,231,517 (45%)
- in 31 to 60 days: £39,217,795 (52%)
- in 61 days or more: £2,289,886 (3%)
Invoices paid:
- within 30 days: 33%
- in 31 to 60 days: 60%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £3,051,422
- payments due in the reporting period which have not been paid within the agreed period: 12%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
61 days
Standard payment terms
The standard terms of payment for the Company is “Net Monthly Account (NMA)”, meaning that invoices are paid at the end of the month following the date of the invoice. This means that the standard terms can range from 30-61 days.
No payment terms are in operation that are longer than this, meaning that the maximum contractual payment term is 61 days.
There have been no variations to the standard payment terms within the reporting period and therefore no need to consult with or inform our suppliers.
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
61 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All invoices should be addressed to the Finance department and sent either by post or to the dedicated Accounts Payable inbox, ensuring that a valid purchase order is quoted.
Queries should in the first instance be addressed to the Accounts Payable team, either via phone or to the dedicated inbox. The team will try and address the issues.
If the Accounts Payable team cannot resolve the issue, then it will be either directed to the person who placed the order, the purchasing department or the Senior Accountant, whomever is the most appropriate for the query in question.
Queries can be escalated to the Finance Manager and Finance Director if necessary.
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