RFS (RIPON) LIMITED
Company number: 09373430
Reporting period:
1 February 2025 to 31 July 2025
Report filed on:
9 April 2026
Approved by:
Chris Northway
Payment statistics
Average time taken to pay invoices: 42 days
Total value paid:
- within 30 days: £19,411,669 (49%)
- in 31 to 60 days: £13,038,237 (33%)
- in 61 days or more: £6,942,141 (18%)
Invoices paid:
- within 30 days: 39%
- in 31 to 60 days: 49%
- in 61 days or more: 12%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £10,519,967
- payments due in the reporting period which have not been paid within the agreed period: 31%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
270 days
Standard payment terms
The business has long standing and established relationships with its key suppliers, with agreed payment terms in place. Payment terms reflect standard industry practice and may vary depending on the timing of sales to end customers for equipment held in stock. Payments are made via agreed methods and timings understood and accepted by suppliers. Payments to other suppliers are normally made as close as possible to the relevant due dates, subject to the timing of scheduled payment runs, which take place at fixed points during the month.
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
270 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any invoice issues may be identified as potential disputes either by the finance team during invoice processing or by the individual responsible for placing and approving the order. Once identified, the issue is reviewed internally with the relevant department and discussed with the supplier where necessary. Undisputed amounts are expected to be paid in line with agreed terms, and the business aims to resolve disputes promptly to enable settlement of the remaining balance.
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