| 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 Oct 2025 - 31 Mar 2026 | 21 Apr 2026 | 67 | 4% | 40% | 56% | 47% |
| 01 Apr 2025 - 30 Sept 2025 | 27 Oct 2025 | 66 | 5% | 39% | 56% | 37% |
| 01 Oct 2024 - 31 Mar 2025 | 01 May 2025 | 63 | 8% | 38% | 54% | 54% |
| 01 Apr 2024 - 31 Oct 2024 | 01 Nov 2024 | 63 | 6% | 38% | 56% | 58% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 63 | 7% | 36% | 57% | 48% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 68 | 8% | 44% | 48% | 46% |
| 01 Apr 2022 - 30 Sept 2022 | 18 Oct 2022 | 56 | 9% | 54% | 37% | 82% |
| 01 Oct 2021 - 31 Mar 2022 | 19 Apr 2022 | 57 | 7% | 54% | 39% | 77% |
| 01 Apr 2021 - 30 Sept 2021 | 07 Oct 2021 | 57 | 5% | 57% | 38% | 79% |
| 01 Oct 2020 - 31 Mar 2021 | 20 Apr 2021 | 57 | 5% | 54% | 41% | 77% |
| 01 Apr 2020 - 30 Sept 2020 | 13 Oct 2020 | 57 | 7% | 52% | 41% | 90% |
| 01 Oct 2019 - 31 Mar 2020 | 14 Apr 2020 | 60 | 5% | 48% | 47% | 85% |
| 01 Apr 2019 - 30 Sept 2019 | 17 Oct 2019 | 61 | 6% | 40% | 54% | 89% |
| 01 Oct 2018 - 31 Mar 2019 | 17 Apr 2019 | 57 | 8% | 50% | 42% | 84% |
| 01 Apr 2018 - 30 Sept 2018 | 22 Oct 2018 | 60 | 6% | 52% | 42% | 89% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Stock Purchases – 60 days after the end of month of invoice date, payment being effected on the payment run following the invoice due date Non-Stock Purchases – typically either 30 days from invoice date or 30 days after the end of month of invoice date, payment being effected on the payment run following the invoice due date Payments made to our key suppliers, of which we have established arrangements with, are sometimes made outside of the contractual period.
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
90
Stock purchases – Invoices in dispute are placed on hold and an entry in our complaints log is made by our Quality Assurance department. This department then liaises with the supplier to resolve the issue. Once resolved, accounts payable are informed and the invoice is processed on the next scheduled payment run. Non-Stock purchases – Invoices in dispute are placed on hold and the individual who placed the order raises the issue with the supplier. If a resolution cannot be reached, then the matter is referred back to accounts payable who refer the issue to the most appropriate managerial position to resolve. Once resolved, accounts payable are informed and the invoice is processed on the next scheduled payment run.
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
Rainham Steel Company Limited trades as Rainham Steel, a steel stockholder and supplier based in Essex. It holds over 100,000 tonnes of structural steel products, including structural sections and hollow sections, at a large facility in Scunthorpe, and distributes these across the UK, Europe and other markets using its own heavy goods vehicle fleet. The company also offers additional processing services such as shotblasting, painting, saw cutting and drilling. It operates as part of a wider Rainham Steel group that includes associated companies in reinforcement, steel supply to builders and property investment, though this summary reflects the activities of the registered stockholding and supply business itself.
Generated from the company's website and Companies House records. Sources: rainhamsteel.co.uk · rainhamsteel.co.uk