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R P S GROUP PLC

Company number: 02087786

Reporting period:
1 January 2019 to 30 June 2019

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This information is as reported by the business, and responses are in their own words.

This report was filed on 27 July 2019

and approved by Gary Young

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

• within 30 days: 15%
• in 31 to 60 days: 75%
• in 61 days or more: 10%

Invoices due but not paid within agreed terms: 9 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

30 days after end of month following date of invoice

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

No

Maximum contractual payment period agreed

30 days

30 days after end of month following date of invoice

Any other information about payment terms

This report refers to RPS Group plc the parent company.

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

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