RPS ENVIRONMENTAL MANAGEMENT LIMITED
Company number: 01756175
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
19 February 2020
Approved by:
Rob Owen
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 15%
- in 31 to 60 days: 70%
- in 61 days or more: 15%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 8%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
30 days after end of month of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
30 days after end of month of invoice
Any other information about payment terms
No further comment provided
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 Fair 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