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 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 43 | 32% | 46% | 22% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 16 Mar 2020 | 41 | 38% | 42% | 20% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 42 | 35% | 44% | 21% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 48 | 28% | 41% | 31% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 48 | 19% | 53% | 28% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days
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
60
disputes are discussed with a supplier immediately. Any issues with goods received credits are immediately requested until the product requested is received. The majority of the supply chain is within the Rotork Group
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
Rotork UK Limited is a UK-registered company whose recorded business activities are machining and the manufacture of electronic components. It forms part of the wider Rotork group, which describes itself as a global provider of mission-critical intelligent flow control and instrumentation solutions for oil and gas, water and power, and chemical, process and industrial markets, offering actuators, gearboxes, valve controllers and related instrumentation under various brands. The group's head office is at Brassmill Lane, Bath, under Rotork plc. This entity represents part of that manufacturing group's UK operations rather than the group's headquarters itself. The company has been active since incorporation in 1973.
Generated from the company's website and Companies House records. Sources: orangeinstruments.co.uk · orangeinstruments.co.uk