Industry ranking
Score of 83.3/100 qualifies for PaymentCheck Certification
The average time to pay for THE RANDOM HOUSE GROUP LIMITED has fluctuated over the past three periods, starting at 31 days in 2018, dropping to 30 days in 2019, and then increasing to 30 days again in 2020. However, there has been a consistent improvement in the percentage of invoices paid within 30 days, increasing from 57% in 2018 to 89% in 2020. The percentage of invoices paid between 31 and 60 days has also slightly decreased from 26% in 2018 to 5% in 2020. However, there has been a significant increase in the percentage of invoices paid later than 60 days, rising from 17% in 2018 to 54% in 2020.
The volatility of THE RANDOM HOUSE GROUP LIMITED's average time to pay has been relatively stable, only fluctuating by 1 day over the past three periods. However, there has been a significant increase in volatility for the percentage of invoices paid within 30 days, with a difference of 32% between 2018 and 2020. The volatility for the percentage of invoices paid between 31 and 60 days has also increased, with a difference of 21% between 2018 and 2020. The volatility for the percentage of invoices paid later than 60 days has also increased, with a difference of 37% between 2018 and 2020.
In the past three periods, THE RANDOM HOUSE GROUP LIMITED has shown improvement in paying invoices within 30 days, with the percentage increasing from 57% in 2018 to 89% in 2020. However, there has also been a significant increase in the percentage of invoices paid later than 60 days, rising from 17% in 2018 to 54% in 2020. In 2019, THE RANDOM HOUSE GROUP LIMITED had its best period for early payment with 87% of invoices paid within 30 days, while the worst period for late payment was in 2020 with 54% of invoices paid later than 60 days.
| 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 | 13 Oct 2025 | 25 | 90% | 3% | 7% | 40% |
| 01 Jul 2024 - 31 Dec 2024 | 25 Sept 2025 | 16 | 87% | 5% | 8% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 07 May 2024 | 17 | 88% | 5% | 8% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 16 Mar 2021 | 30 | 40% | 54% | 6% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 12 Oct 2020 | 30 | 89% | 5% | 6% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 05 Feb 2020 | 24 | 85% | 8% | 7% | 52% |
| 01 Jan 2019 - 30 Jun 2019 | 06 Dec 2019 | 30 | 87% | 3% | 9% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 22 Mar 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 31 | 57% | 26% | 17% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days from invoice date
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
120
Disputes resolved in real time as and when raised.
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
The Random House Group Limited is a UK-registered company classified under book publishing. It is part of the Penguin Random House group, an international publishing business that describes itself as being committed to publishing books, connecting readers and authors globally, and spreading the love of reading. The wider group publishes and distributes both digital and print titles across genres including fiction, nonfiction, children's books and audiobooks, and operates related sites for children's reading promotion and merchandise. The UK entity's own registered activity aligns with this publishing sector, though specific UK operational detail beyond the SIC classification is not evidenced. The company has been incorporated since 1969 and remains active, registered in London.
Generated from the company's website and Companies House records. Sources: randomhouse.com · randomhouse.com