RIDER LEVETT BUCKNALL UK LIMITED

Company number: 04653580

Reporting period:
1 May 2024 to 31 October 2024

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This report was filed on 29 November 2024

and approved by Stuart Stables

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 65%
• in 31 to 60 days: 32%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 35%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

RLB generally pays supplier invoices within 30 days, however, if the requirement is shorter or immediate this is reviewed and accommodated accordingly where appropriate.

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

30 days

Suppliers <50 Employees Please note RLB has calculated that we are paying 89% of suppliers with less than 50 employees within or on 30 days in the last 6 months. An increase of 2% from the last submission.

Any other information about payment terms

N/A

Dispute resolution process

A dispute will normally be received by the Accounts Payable team, who will notify the Project Manager / Invoice approver who will aim to resolve this issue. Accounts Payable will receive feedback from the above with regards to the actions required. Once the dispute is resolved a request will be made to the supplier for a re-issued invoice with the appropriate post resolution date. Payment will then be made accordingly.

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.

Yes, this business has signed up to: Yes – Fair Payment Charter and Prompt Payment Code

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