| 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 2020 - 31 Dec 2020 | 29 Jan 2021 | 36 | 45% | 45% | 10% | 64% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 29 | 79% | 20% | 1% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 29 | 75% | 24% | 1% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 30 | 89% | 8% | 3% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 29 | 87% | 12% | 1% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company standard payment terms are 30 days from receipt of an invoice which is fully compliant with both the contract and Rockrose’s invoicing instructions. These instructions clearly set out email invoice receipt instructions, together with information to be provided on or with the invoice.
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
30
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event of a dispute, discussions take place between the vendor and the operational department to agree the charges to be invoiced.
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
ROCKROSE UKCS 11 LIMITED is a liquidation private limited company, incorporated on 1 October 1959, based in the East of England region. Registered business activity: Other business support service activities not elsewhere classified.
From Companies House records.