Score of 87.3/100 qualifies for PaymentCheck Certification
The data shows that RITTER-COURIVAUD LIMITED has been consistently improving their average time to pay invoices over the past three periods. In 2018-2019, their average time to pay was 33 days, which decreased to 31 days in 2019-2020 and further decreased to 29 days in 2020-2021. However, in the most recent period (2021-2022), the average time to pay increased to 30 days. Overall, the trend shows that the company has been making efforts to pay their invoices earlier.
The data also shows that there has been a decrease in the percentage of invoices paid later than 60 days. In 2018-2019, 5% of invoices were paid later than 60 days, which decreased to 1% in 2019-2020 and remained the same in 2020-2021. However, in 2021-2022, there was a slight increase to 2%. This suggests that the company has been consistently improving their payment timeliness, with only a slight increase in volatility in the most recent period.
| 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 |
|---|---|---|---|---|---|---|
| 29 Aug 2022 - 26 Feb 2023 | 24 Mar 2023 | 31 | 87% | 12% | 1% | 5% |
| 28 Feb 2022 - 28 Aug 2022 | 23 Sept 2022 | 29 | 88% | 11% | 1% | 5% |
| 30 Aug 2021 - 27 Feb 2022 | 25 Mar 2022 | 30 | 86% | 12% | 2% | 5% |
| 01 Mar 2021 - 29 Aug 2021 | 27 Sept 2021 | 26 | 91% | 9% | 0% | 5% |
| 31 Aug 2020 - 28 Feb 2021 | 29 Mar 2021 | 29 | 86% | 13% | 1% | 6% |
| 02 Mar 2020 - 30 Aug 2020 | 28 Sept 2020 | 29 | 86% | 13% | 1% | 6% |
| 26 Aug 2019 - 01 Mar 2020 | 30 Mar 2020 | 31 | 84% | 15% | 1% | 7% |
| 25 Feb 2019 - 25 Aug 2019 | 24 Sept 2019 | 33 | 86% | 13% | 1% | 5% |
| 01 Oct 2018 - 24 Feb 2019 | 26 Mar 2019 | 33 | 82% | 16% | 2% | 11% |
| 31 Mar 2018 - 30 Sept 2018 | 30 Oct 2018 | 33 | 53% | 42% | 5% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
NA
Maximum contractual payment period agreed
60
Queries are managed through a specific mailbox with a dedicated team
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
Ritter-Courivaud Limited trades as W.G. White, a caviar supplier that describes itself as the oldest caviar house in the country. Established over 120 years ago, the business was the first company to import caviar into the UK and continues to supply caviar and gourmet foods to private clients as well as trade customers including Michelin starred restaurants and five star hotels. It sells online and offers advice on selecting, storing and serving caviar. The company's registered office is administered via a professional services firm in Leeds. Its SIC classification covers wholesale of other food, including fish, crustaceans and molluscs, consistent with its caviar and fish roe trade.
Generated from the company's website and Companies House records. Sources: wgwhite.co.uk · wgwhite.co.uk