RECKITT BENCKISER (UK) LIMITED
Company number: 03982446
1 July 2022
to 31 December 2022
This report was filed on 30 January 2023
and approved by Luis Zafra
Average time taken to pay invoices: 126 days
- within 30 days: 3%
- in 31 to 60 days: 7%
- in 61 days or more: 90%
Invoices due but not paid within agreed terms: 9 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
RB’s standard payment terms are that payment is made on the first working day after the end of the month in which falls the ninetieth (90) day after the date of the relevant invoice. We do have suppliers on payment terms which are different to the standard.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Payment is made on the first working day after the end of the month in which falls the one hundred and eightieth (180) day after the date of the relevant invoice.
Any other information about payment terms
The company has a policy to ensure that small suppliers are able to opt for a 30-day payment period.
Dispute resolution process
RB aims to resolve queries or disputes regarding invoices and payment as quickly as possible. In the first instance, suppliers should speak with their RB contact who can liaise with the Accounts Payable team. Alternatively, suppliers can contact the Accounts Payable team directly. When resolved, the invoice will be available for payment on the next standard payment run.
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?