Industry ranking
| 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 | 12 Jan 2024 | 23 | 98% | 1% | 1% | 72% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 23 | 87% | 9% | 4% | 89% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 19 | 81% | 16% | 3% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 23 | 76% | 22% | 2% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 28 | 69% | 28% | 3% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Jul 2021 | 41 | 37% | 49% | 14% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 35 | 49% | 42% | 9% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 34 | 56% | 43% | 1% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 31 | 58% | 41% | 1% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 32 | 59% | 39% | 2% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 34 | 52% | 33% | 15% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Most suppliers terms reduced to "immediate" as a matter of policy during the strategic wind down of the business in 2023.
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
Invoices are processed based upon existence of an email approving the expenditure, approved by an authorised representative of the company. Invoices not matching approved email will be queried direct with the supplier. The department responsible for requesting goods /services from the supplier are to engage with the supplier to resolve the dispute. Parties will negotiate in good faith to resolve the dispute.
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
Ryder Limited was the UK entity of the Ryder System Group, a US-based business providing commercial vehicle leasing, rental and fleet management services. Its own website states that Ryder UK has ceased all leasing and rental activity, and that due to cessation of UK operations it no longer collects personal data in the course of business. The company remains active on the register, registered for other letting and operating of own or leased real estate, but no longer trades in its former vehicle leasing and rental business within the UK. It was originally incorporated in 1971 and is now managed via its accountants' offices in Milton Keynes.
Generated from the company's website and Companies House records. Sources: europe.ryder.com