RENAULT U.K. LIMITED
Company number: 00082932
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
30 January 2026
Approved by:
Xavier LACROIX
Payment statistics
Average time taken to pay invoices: 3 days
Total value paid:
- within 30 days: £163,990,946 (73%)
- in 31 to 60 days: £22,767,976 (10%)
- in 61 days or more: £37,650,977 (17%)
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 6%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £60,418,953
- payments due in the reporting period which have not been paid within the agreed period: 10%
- not made in the reporting period due to a dispute: 10%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
30 days end from the invoice month. From the invoice date to the end of the month + 30 days (30MF)
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All suppliers must get the valid PO number before they provide the service / ship the goods. If a supplier provide the service / goods without the PO number it's breach in the company policy. A dispute can start if the service / goods provided doesn't confirm with the service level agreement. In the above situation, we ask supplier to raise the credit note to compensate the damage. All invoices without the PO send to Renault UK is firstly considered as fraud attempt.
Second reason, suppliers' submitting the invoices late which delay the invoice processing and the invoice payment.
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