RPC CONTAINERS LIMITED
Company number: 02786492
Reporting period:
1 April 2022 to
30 September 2022
This report was filed on 21 October 2022
and approved by Jason Greene
Payment statistics
Average time taken to pay invoices: 59 days
Invoices paid:
- within 30 days: 22%
- in 31 to 60 days: 39%
- in 61 days or more: 39%
Invoices due but not paid within agreed terms: 77%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
120 days
Standard payment terms
Standard agreed payment terms between 7 days and 120 days dependent on supplier
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
The first point of contact for suppliers to raise any issues they have is the Accounts Payable team, within the Shared Service Centre. The Accounts Payable team will try to resolve as soon as possible. If needed, any issues that cannot be resolved are escalated to the individual Site Financial Controller. It is the individual site’s responsibility to engage with a supplier to agree a form of resolution. Disputes, and resolutions to these should be communicated to the Accounts Payable team for them to be recorded in our systems for processing
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, 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.
Yes
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