Company number: 02535913
and approved by David Bruce
Average time taken to pay invoices: 92 days
Invoices paid:
Invoices due but not paid within agreed terms: 92%
60 days
90 days
The standard contractual length for time of payment of invoices is 60 days from the date of the invoice, however payment terms will vary depending on the supplier type, the spend type, the contractual obligations and the overall contractual negotiation. Our payment terms can be found in clause 8.5 of our standard terms: “In consideration of the supply of Goods and/or Services by the Supplier, Randstad shall pay valid and accurate invoices correctly rendered and accompanied by the information specified in clause 8.6, subject always to clause 8.7 below within 60 days of the date of receipt to a bank account nominated in writing by the Supplier.”
Answer not provided
N/A
90 days
The current maximum contractual payment period we have agreed is 90 days from the date of invoice, although this is an exception to our standard practice. We will only extend our contractual payment terms beyond 60 days where it commercially warrants. Variations to contractual payment terms are looked at in isolation and will depend on the size of supplier, spend type and the overall contractual negotiation. The last change to our standard payment terms took place prior to the reporting period which started on 1 January 2018.
N/A
A copy of our complaints policy is available on request from accounts.payable@randstad.co.uk
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No