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 Jun 2025 - 30 Nov 2025 | 16 Dec 2025 | 56 | 24% | 35% | 41% | 63% |
| 01 Dec 2024 - 31 May 2025 | 30 Jun 2025 | 60 | 26% | 40% | 34% | 67% |
| 01 Jun 2024 - 30 Nov 2024 | 12 Dec 2024 | 59 | 17% | 53% | 30% | 41% |
| 01 Dec 2023 - 31 May 2024 | 25 Jun 2024 | 54 | 16% | 58% | 26% | 40% |
| 01 Jun 2023 - 30 Nov 2023 | 14 Dec 2023 | 62 | 35% | 43% | 22% | 85% |
| 01 Dec 2022 - 31 May 2023 | 27 Jun 2023 | 73 | 13% | 60% | 27% | 91% |
| 01 Jun 2022 - 30 Nov 2022 | 20 Dec 2022 | 58 | 22% | 56% | 22% | 59% |
| 01 Dec 2021 - 31 May 2022 | 28 Jun 2022 | 36 | 68% | 22% | 10% | 13% |
| 01 Jun 2021 - 30 Nov 2021 | 16 Dec 2021 | 33 | 78% | 16% | 6% | 11% |
| 01 Dec 2020 - 31 May 2021 | 15 Jun 2021 | 36 | 75% | 16% | 9% | 13% |
| 01 Jun 2020 - 30 Nov 2020 | 14 Dec 2020 | 34 | 82% | 14% | 4% | 19% |
| 01 Dec 2019 - 31 May 2020 | 22 Jun 2020 | 34 | 73% | 16% | 11% | 25% |
| 01 Jun 2019 - 30 Nov 2019 | 19 Dec 2019 | 31 | 80% | 13% | 7% | 15% |
| 01 Dec 2018 - 31 May 2019 | 26 Jun 2019 | 30 | 77% | 14% | 9% | 27% |
| 01 Jun 2018 - 30 Nov 2018 | 20 Dec 2018 | 39 | 43% | 40% | 17% | 57% |
| 01 Dec 2017 - 31 May 2018 | 22 Jun 2018 | 37 | 45% | 40% | 15% | 71% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of our contracts are usually 60 days from receipt of invoice, however there are instances where this can be adjusted as a result of wider contractual negotiations.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
A weekly payment run is undertaken which, will include all approved invoices that have become due within the previous five days.
Maximum contractual payment period agreed
90
Disputes must be raised with the accounts payable team at accountspayable@rm.com.
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.
❌
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.
❌
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
RM Education Ltd is registered as an information technology and educational support services company, with SIC codes covering other IT service activities and educational support services. Evidence gathered relates to the wider RM group, of which RM Education Ltd forms part. The group operates as an EdTech business, providing IT managed services and hardware to schools, digital assessment and marking platforms for exam boards and accreditors, and curriculum aligned learning resources for educators and learners. It serves schools, multi academy trusts, governments and awarding organisations, delivering technology, assessment tools and educational materials rather than owning or operating educational institutions itself.
Generated from the company's website and Companies House records. Sources: rm.com · rm.com