Published reports

RENEWI UK SERVICES LIMITED

Company number: 02393309

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 April 2018 to 30 September 2018

Report filed on:

30 October 2018

Approved by:

Neil Miles

Payment statistics

Average time taken to pay invoices: 43 days

Invoices paid:

within 30 days: 24%
in 31 to 60 days: 60%
in 61 days or more: 16%

Late and disputed:

payments due in the reporting period which have not been paid within the agreed period: 29%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

37 days from end of month from receipt of invoice

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

First contact is with accounts payable who will identify the vendor problem. They will then identify the person in the company who will be able to resolve the problem. The vendor is then contacted to discuss the offered resolution.

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 Fair 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.

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?