GOV.UK
ROPER RHODES LIMITED
Company number: 01568433
Reporting period:
1 February 2018
to 31 July 2018
This report was filed on 7 August 2018
and approved by Paul Roper
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 52%
- in 61 days or more: 12%
Invoices due but not paid within agreed terms: 13 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
UK suppliers - paid at end of month following
EU suppliers - paid at end of second month following
Far East suppliers - paid after goods shipped, before customs clearance
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
Where an invoice has been received late, or is disputed, payment will be made as soon as is practical once the dispute has been resolved.
Dispute resolution process
If missing invoices are identified from a supplier statement then copies are requested and payment will be made as soon as the invoice has passed internal authorisation.
If any invoice is disputed then the supplier is contacted as soon as possible to resolve the dispute. Once the dispute has been resolved the invoice will be paid as soon as practical.
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