REVOLUT LTD

Company number: 08804411

Reporting period:
1 January 2023 to 30 June 2023

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This report was filed on 7 July 2023

and approved by Kevin Oles

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

• within 30 days: 55%
• in 31 to 60 days: 26%
• in 61 days or more: 19%

Invoices due but not paid within agreed terms: 76%

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