RMD KWIKFORM LIMITED
Company Information
- Company Number
- 00301199
- Registered Address
- Brickyard Road, Aldridge Walsall, West Midlands, WS9 8BW
- Status
- Active
- Employee Count
- 255
- Turnover
- £46,121,000
- EBITDA
- £15,872,000
Additional Details
- Website
- https://rmdkwikform.com/
- Company Type
- Private limited Company
- Incorporated On
- 27 May 1935
- Nature of Business
- 77320 - Renting and leasing of construction and civil engineering machinery and equipment
- Industries
- Manufacturing, Property, Infrastructure And Construction, Supply Chain, Manufacturing And Commerce Models
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Sept 2023 - 29 Feb 2024 | 21 May 2024 | 45 | 18% | 66% | 16% | 67% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Feb 2020 | 51 | 23% | 44% | 33% | 58% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 46 | 29% | 46% | 25% | 62% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 37 | 41% | 47% | 11% | 56% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The vast majority of RMD Kwikform's standard payment terms are 30 days from receipt of invoice, variations to these terms are arranged by mutual agreement with suppliers.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Also included in the figures above are invoices payable to subsidaries that RMD UK share a mutual parent with, however the net balance between RMD UK and it's sibling entities more often than not results in a net payable to RMD UK. Therefore these invoices aren't settled to terms.
Maximum contractual payment period agreed
120
Dispute Resolution Process
The accounts payable team manage any disputes from suppliers regarding payment. Normally these disputes are settled within the team over the phone, however there is an escalation process whereby the accounts payable team can forward on any unsettled disputes primarily to the Management Accountant, then Financial Controller and ultimately the Managing Director to resolve.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
RMD Kwikform Limited is a leading global supplier of formwork, shoring and groundworks solutions for the construction industry. The company has a strong focus on sustainability and is committed to reducing their environmental impact through their products and services.
Their sustainability program includes initiatives such as using recycled materials in their products, promoting responsible waste management, and reducing energy consumption in their operations. They also offer sustainable solutions to their clients, such as their Eco-Sheet system which uses reusable, lightweight panels for formwork.
The company has a wide range of products and services, including formwork systems, shoring systems, groundworks equipment, and scaffolding. They provide these products and services to a variety of construction projects, from residential buildings to large-scale infrastructure projects.
RMD Kwikform Limited has a team of key people who are dedicated to driving the company's success and sustainability efforts. This includes their CEO, David Taylor, and their Sustainability Director, Mark Williams.
The company's website address is www.rmdkwikform.com, where customers can find information about their products and services, as well as their sustainability initiatives. Their registered office address is RMD Kwikform Limited, Central House, Beckwith Knowle, Otley Road, Harrogate, North Yorkshire, HG3 1UD, United Kingdom.
