GOV.UK
RAMSDENS FINANCIAL LIMITED
Company number: 03045495
Reporting period:
1 April 2022
to 30 September 2022
This report was filed on 9 November 2022
and approved by MARTIN CLYBURN
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 40%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
We operate an end of month payment run, and our standard terms are to make payments at the end of the month following the date of invoice. Depending on the invoice date this can be 30-60 days. We also have agreements in place with certain suppliers with specific terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Payment for the majority of our suppliers is via a monthly BACS payment run. Some of our suppliers are paid via Direct Debit and Standing Orders.
Any other information about payment terms
N/A
Dispute resolution process
All disputes relating to invoice payment should be referred to the accounts payable team via e-mail (accounts@ramsdensfinancial.co.uk) or telephone (01642 579975 - option4). Disputes should include values and invoice numbers to assist the process. The accounts payable team will liaise internally with the relevant department to resolve any outstanding issues and provide progress updates as required.
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