RYGOR HOLDINGS LIMITED

Company number: 06506121

Reporting period:
1 May 2018 to 30 April 2019

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This report was filed on 27 June 2019

and approved by Graham Drake

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

• within 30 days: 90%
• in 31 to 60 days: 10%

Invoices due but not paid within agreed terms: 0%

Payment terms

Shortest standard payment periods

3 days

Longest standard payment period

60 days

Standard payment terms

Payments are agreed with our suppliers and vary. We work with vehicle converters and body builders and the payment terms vary depending on the nature of the build project and the requirements of the end customer.

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

n/a

Any other information about payment terms

n/a

Dispute resolution process

Please contact our purchase ledger team in the first instance at purchaseledger@rygor.co.uk. The team will then escalate where applicable to the relevant manager for resolution

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