Industry ranking
Score of 92.9/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 3 | 89% | 6% | 5% | 11% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 3 | 45% | 49% | 6% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 19 Jul 2024 | 3 | 54% | 41% | 5% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 23 May 2024 | 3 | 46% | 48% | 7% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 27 Sept 2019 | 52 | 22% | 56% | 22% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 52 | 20% | 61% | 19% | 19% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days end from the invoice month. From the invoice date to the end of the month + 30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
All suppliers must get the valid PO number before they provide the service / ship the goods. If a supplier provide the service / goods without the PO no. it's breach in the company policy. A dispute can start if the service / goods provided doesn't confirm with the service level agreement. In the above situation, we ask supplier to raise the credit note to compensate the damage. All invoices without the PO sent to Renault UK is firstly considered as fraud attempt
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Renault U.K. Limited is the UK national sales operation for the Renault car brand, incorporated in 1904 and registered in Hertfordshire. Its own site presents the business as covering new Renault cars, vans and electrified vehicles, including electric and hybrid ranges, with personal and business finance offers, part exchange, servicing plans and a retailer network for sales and aftersales. Companies House records its nature of business as the sale of new cars and light motor vehicles. The company operates through participating Renault retailers rather than selling directly, and finance for vehicles is arranged through a separate finance provider linked to the same registered address.
Generated from the company's website and Companies House records. Sources: renault.co.uk