BETA This is a new service – your feedback will help us to improve it.

ROCKROSE UKCS4 LIMITED

Company number: 02552901

Reporting period:
1 January 2020 to 30 June 2020

---

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

This report was filed on 30 July 2020

and approved by Andrew Austin

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

• within 30 days: 90%
• in 31 to 60 days: 4%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 13 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

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

N/A

Any other information about payment terms

N/A

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