RPS CONSULTING SERVICES LIMITED

Company number: 01470149

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 30 January 2019

and approved by Siobhan Martin

Payment statistics

Average time taken to pay invoices: 60 days

Invoices paid:

• within 30 days: 13%
• in 31 to 60 days: 59%
• in 61 days or more: 28%

Invoices due but not paid within agreed terms: 13%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

30 days after end of month of invoice, however some terms may vary as agreed with individual suppliers on key projects/contracts, in line with key milestone and deliverables agreed at the outset of the project

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

There are suppliers on 60 day terms and some terms may be individually agreed with suppliers on key projects/contracts, in line with key milestone and deliverables agreed at the outset of the project

Any other information about payment terms

N/A

Dispute resolution process

All queries should initially be directed to RPS Accounts Payables Shared Service department at our Head Office address. Where queries are not able to be resolved by the team and dispute is escalated to the Accounts Payable Manager who will partner with the respective purchaser/ budget holder to resolve. If the dispute cannot be resolved at this level, it will be escalated to the Business Unit Finance Director or Managing Director

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, 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