REVOLUT LTD
Company number: 08804411
Reporting period:
1 January 2022 to
31 December 2022
This report was filed on 7 July 2023
and approved by Kevin Oles
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 21%
- in 61 days or more: 14%
Invoices due but not paid within agreed terms: 85%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Net 45 days
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
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Suppliers should submit invoices to accounts@revolut.com. The Supplier must include the Revolut Purchase Order number on the invoice or it may be rejected by Revolut. A Supplier may raise a complaint regarding any payments made or unpaid invoices by emailing accounts@revolut.com. The Supplier should include the following information in any complaint: Detailed description of the complaint Name and email address of the Revolut point of contact Revolut Purchase Order Number Revolut will endeavour to respond to the Supplier's complaint within 10 days. If a Supplier does not receive a response or is not satisfied with the response received they may refer the matter to Revolut's Legal team by emailing legaldisputes@revolut.com
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.
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