REDCENTRIC PLC
Company number: 08397584
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 28 October 2019
and approved by Dean Barber
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 14%
- in 31 to 60 days: 65%
- in 61 days or more: 21%
Invoices due but not paid within agreed terms: 85 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Either 30 days from date of invoice or 60 days from date of invoice
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
Redcentric plc (the "Company") uses a group email address (accountspayable@redcentricplc.com) to which it directs all accounts payable queries and disputes. All queries or disputes to this address are then picked up by a member of the accounts team in the first instance in a timely manner. If the dispute is not able to be resolved at this level it is escalated within the Company's finance team (ultimately to the finance director or chief finance officer).
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