RENTOKIL INITIAL UK LTD
Company Information
- Company Number
- 00301044
- Registered Address
- Compass House, Manor Royal, Crawley, West Sussex, United Kingdom, RH10 9PY
- Status
- Active
- Employee Count
- 3173.0
- Turnover
- 308988000.0
- EBITDA
- 77751000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 23 May 1935
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Property,Infrastructure And Construction
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 55 | 37% | 50% | 13% | 29% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 54 | 32% | 46% | 22% | 23% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 48 | 40% | 45% | 15% | 29% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 52 | 40% | 49% | 11% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 51 | 38% | 52% | 10% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 58 | 19% | 54% | 27% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 54 | 13% | 36% | 51% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 55 | 13% | 33% | 54% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 52 | 18% | 35% | 47% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 54 | 8% | 43% | 49% | 92% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 53 | 9% | 41% | 50% | 94% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 51 | 21% | 33% | 46% | 72% |
Company Summary
RENTOKIL INITIAL UK LTD is a leading global provider of essential services, including pest control, hygiene, and workwear and safety solutions
With over 20,000 employees in over 80 countries, the company is committed to providing innovative and sustainable solutions to its customers
The company's sustainability program, known as "Protecting People, Enhancing Lives," focuses on minimizing the environmental impact of its operations and products, as well as promoting the health and safety of its employees and customers
This includes initiatives such as reducing carbon emissions, implementing sustainable waste management practices, and using eco-friendly products
RENTOKIL INITIAL UK LTD offers a range of products and services to help businesses and homes maintain a safe and hygienic environment
This includes pest control services, such as rodent and insect control, as well as hygiene solutions, such as hand hygiene, surface disinfection, and washroom services
The company also provides a variety of workwear and safety solutions, including personal protective equipment and workwear rental services
The key people at RENTOKIL INITIAL UK LTD include CEO Andy Ransom, who has been with the company since 2013, and CFO Jeremy Townsend, who joined the company in 2016
The company's registered office address is Riverbank, Meadows Business Park, Blackwater, Camberley, Surrey, GU17 9AB
Their website address is www.rentokil-initial.com, where customers can find more information about the company's products and services, as well as contact information for their local office
Company Review
Trend Analysis
The average time for RENTOKIL INITIAL UK LTD to pay invoices has stayed relatively consistent over the past three periods, with a slight increase from 51 days in the first period to 55 days in the most recent period. However, there has been a noticeable decrease in the percentage of invoices paid within 30 days, from 21% in the first period to 13% in the most recent period. This trend suggests that the company may be taking longer to pay their invoices overall.
Volatility Analysis
The most volatile aspect of RENTOKIL INITIAL UK LTD's payment behaviour seems to be the percentage of invoices paid later than 60 days. This percentage has fluctuated between 46% in the first period and 10% in the most recent period. This suggests that the company has made significant efforts towards paying their invoices earlier in recent periods.
Summary Analysis
Overall, RENTOKIL INITIAL UK LTD has had a consistent average time to pay invoices over the past three periods, with a slight increase from 51 days to 58 days. However, there has been a noticeable decrease in the percentage of invoices paid within 30 days, from 21% to 19%. The company has also made significant improvements in paying their invoices within their agreed terms, with a decrease from 72% to 14% in the percentage of invoices not paid within agreed terms. The worst period for the company was in 2020, where 54% of invoices were paid later than 60 days. The company's shortest (or only) standard payment period has remained at 60 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
There were no changes to standard payment terms during this period
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
In general RIUK Ltd adopt a no PO no pay policy and invoices received without such would be returned to the supplier in a maximum of four days from date of receipt. The invoice would be returned to the contact residing on the vendor card on our system or alternatively the invoice would be checked for method of receipt (post/email) to identify an email address for return. If this cannot be obtained a phone call to the credit control department would be made to establish these details and a system update would be actioned as necessary. Suppliers will be directed to their service user to obtain a PO if this is not in place/on the invoice and a request made that the amended invoice is re-submitted (confirming our email address) clearly showing the PO that they have obtained, managing the supplier expectation at this point. Email queries will be replied to generally within 24 hours of receipt. All invoices unless posted directly to the GL (authorised with approved signature by verifying against our authority matrix) must navigate the three way match. (Approved PO, matching invoice & receipt) invoices that are not in this state (but have a PO that can be identified as valid in our system) will be chased weekly with the business to approve any exceptions regarding price/receipt that may exist. Queries regarding unpaid invoices will be checked to ensure suppliers are sending their documents to the correct place (as we are a Shared Service Centre) for current queries and for future document/communication flow.
Other Payment Information
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
