Company number: 00698371
and approved by Charlie Everitt
Average time taken to pay invoices: 100 days
Invoices paid:
Invoices due but not paid within agreed terms: 10%
30 days
180 days
Reckitt’s standard payment terms are that payment is made on the first working day after the end of the month in which falls the ninetieth (90) day after the date of the relevant invoice. We do have suppliers on payment terms which are different to the standard.
Answer not provided
N/A
180 days
Payment is made on the first working day after the end of the month in which falls the one hundred and eightieth (180) day after the date of the relevant invoice.
The company has a policy to ensure that small suppliers are able to opt for a 30-day payment period. https://www.reckitt.com/sustainability/policies-and-reports/
Reckitt aims to resolve queries or disputes regarding invoices and payment as quickly as possible. In the first instance, suppliers should speak with their Reckitt contact who can liaise with the Accounts Payable team. Alternatively, suppliers can contact the Accounts Payable team directly. When resolved, the invoice will be available for payment on the next standard 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.
Yes
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.
Yes
No
No