RHODAR LIMITED
Company number: 01269463
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 17 July 2019
and approved by Jason Davy
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 9%
- in 31 to 60 days: 46%
- in 61 days or more: 45%
Invoices due but not paid within agreed terms: 5 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 60 days for both subcontractor and suppliers unless otherwise agreed
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
A complaint will need to be in writing to the either the finance or commercial department, whereby it will be assessed within 7 days. The complaint then reverts to our standard query process whereby the requester of the supply is charged with liaising with the supplier, and resolving.
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.Yes – Prompt Payment Code
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