RICOH UK LIMITED
Company number: 01271033
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 9 April 2019
and approved by Richard Hewitt
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 81%
- in 31 to 60 days: 15%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 48 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms for Ricoh UK Ltd state that payment of third party invoices for goods or services will be made within 30 days of receipt of a correct, undisputed and properly due VAT invoice, unless otherwise agreed in writing by a duly authorised representative.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
We endeavour to resolve disputes within the payment terms of the invoice. Disputes are managed by contacting the supplier, to log the dispute. The process is administered by the Accounts Payable Team, in conjunction with the relevant purchaser and the Procurement Team.
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
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