GOV.UK
ROPER RHODES LIMITED
Company number: 01568433
Reporting period:
1 July 2023
to 31 December 2023
This report was filed on 31 January 2024
and approved by Leigh Leather
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 35%
- in 31 to 60 days: 52%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 48 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
UK Supplier - Paid end of month following
EU Suppliers paid end of second month
Far East suppliers Paid after goods shipped, various terms 30-90 days
Were there any changes to the standard payment terms in the reporting period?
Yes – Negotiated terms with Far East suppliers to extend payment days
Were suppliers notified or consulted about these changes before they were made?
Yes – Phone and email conversations with relevant suppliers
Maximum contractual payment period agreed
90 days
Any other information about payment terms
Missing invoices identified from a supplier statement are requested and payment made as soon as internal authorisation has cleared
Dispute resolution process
Disputed invoices will be paid as soon as practical once the dispute is resolved with the supplier
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