ROCKROSE UKCS4 LIMITED
Company number: 02552901
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 7 February 2020
and approved by Andrew Austin
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 10%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 9 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
The Company standard payment terms are 30 days from receipt of an invoice which is fully compliant with both the contract and Rockrose’s invoicing instructions. These instructions clearly set out email invoice receipt instructions, together with information to be provided on or with the invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
NA
Any other information about payment terms
NA
Dispute resolution process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event of a dispute, discussions take place between the vendor and the accounts department to agree the charges to be invoiced.
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