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Company number: 04188491

Reporting period:
1 April 2022 to 30 September 2022

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

This report was filed on 10 October 2022

and approved by Liam White

Payment statistics

Average time taken to pay invoices: 91 days

Invoices paid:

Invoices due but not paid within agreed terms: 18 %

Payment terms

Shortest standard payment period

60 days

Longest standard payment period

90 days

Standard payment terms

Contractual terms are between 60 and 90 days end of month. For Ad Hoc purchases 60 days end of month.

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


Maximum contractual payment period agreed

90 days

Where the date that a purchase invoice is ‘cleared from query’ is used as the ‘start date’ to measure the ‘time to ‘payment’ : the number of invoices paid according to the ‘agreed payment date’ increases from 82% to 85%, and average payment days falls from 91 to 79 days.

Any other information about payment terms


Dispute resolution process

RS uses a vendor portal which is used prior to promotion of invoice to its ERP system, and within which an invoice query type is assigned and work flowed to a responsible individual who works with the vendor to resolve and progress invoice to payment: the accounts payable dept. being measured by internal KPIs to resolve invoice queries as soon as is possible.

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?