Company number: 00749504
and approved by Lisa Burger
Average time taken to pay invoices: 34 days
Invoices paid:
Invoices due but not paid within agreed terms: 72%
0 days
30 days
The Royal National Theatre offers standard payment terms of 30 days to suppliers of goods or services unless otherwise stated. We also offer payment terms of immediate payment, 7, 14 and 21 days.
Answer not provided
N/A
30 days
No further comment provided
As the Royal National Theatre operates a weekly payment cycle, invoices falling due between payment cycles represent 28% of payments classified as “overdue”.
The main point of contact for disputes is the accounts payable team; the dispute is investigated and any additional information required is requested from the supplier. In the event that the accounts payable team are unable to resolve the dispute it will be escalated to the original purchasing department to investigate further. Once a dispute is resolved any outstanding invoices are paid on the next available payment run.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No