ROTHESAY LIFE PLC
Company number: 06127279
Reporting period:
1 July 2021 to
31 December 2021
!
This information is as reported by the business, and responses are in their own words.
This report was filed on 18 January 2022
and approved by Andrew Stoker
Payment statistics
Average time taken to pay invoices:
13 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 3%
Invoices due but not paid within agreed terms:
11%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
Rothesay does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations although we do encourage all third party owners to agree payment terms that are 28 days or more. Although we are aware this may not always be possible
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
NA
Any other information about payment terms
NA
Dispute resolution process
Disputes are resolved by negotiation by involving the third party, third party owner and accounts payable
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:
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.
Yes
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