The average time to pay for EQUIP OUTDOOR TECHNOLOGIES UK LIMITED has been fluctuating between 27 and 34 days over the past three periods. However, there has been a slight downward trend in the last period, where the average time to pay decreased by 4 days compared to the previous period.
The volatility in the average time to pay for EQUIP OUTDOOR TECHNOLOGIES UK LIMITED has been relatively low, with the highest difference being 7 days between the first and last period.
The average time to pay for EQUIP OUTDOOR TECHNOLOGIES UK LIMITED has been relatively consistent over the past three periods, with a slight decrease in the last period.
| 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 Aug 2023 - 31 Jan 2024 | 27 Feb 2024 | 29 | 67% | 28% | 5% | 31% |
| 01 Feb 2023 - 31 Jul 2023 | 24 Aug 2023 | 30 | 66% | 28% | 6% | 36% |
| 01 Aug 2022 - 31 Jan 2023 | 21 Feb 2023 | 34 | 61% | 32% | 7% | 37% |
| 01 Feb 2022 - 31 Jul 2022 | 23 Aug 2022 | 30 | 65% | 29% | 6% | 25% |
| 01 Aug 2021 - 31 Jan 2022 | 23 Feb 2022 | 33 | 55% | 39% | 6% | 27% |
| 01 Feb 2021 - 31 Jul 2021 | 22 Aug 2021 | 30 | 61% | 35% | 4% | 33% |
| 01 Aug 2020 - 31 Jan 2021 | 22 Feb 2021 | 33 | 63% | 31% | 6% | 42% |
| 01 Feb 2020 - 31 Jul 2020 | 19 Aug 2020 | 33 | 48% | 44% | 8% | 62% |
| 01 Aug 2019 - 31 Jan 2020 | 26 Feb 2020 | 32 | 49% | 42% | 8% | 55% |
| 01 Feb 2019 - 31 Jul 2019 | 28 Aug 2019 | 31 | 48% | 42% | 10% | 58% |
| 01 Aug 2018 - 31 Jan 2019 | 26 Feb 2019 | 24 | 58% | 38% | 4% | 51% |
| 01 Feb 2018 - 31 Jul 2018 | 23 Aug 2018 | 27 | 53% | 44% | 3% | 56% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most frequently used payment term is 30 days. Our shortest is pay on receipt and a small number of contracts are 60 or 90 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
If there are any disputes or complaints then these are handled by the Treasury and Accounts Payable team who will look into the issue and try and resolve it. If they are unable to find a resolution then this will be passed on to the CFO. Disputes and complaints are dealt with as soon as received.
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
Equip Outdoor Technologies UK Limited is registered under the SIC code for wholesale of clothing and footwear and trades under the brand name Rab. Its website describes high-performance outdoor clothing, down jackets, GORE-TEX garments, sleeping bags and packs aimed at mountain sports and climbing. The company states it is B Corp certified and describes itself as a climate neutral company. It offers men's and women's ranges including jackets, midlayers, legwear and insulated clothing. The company is based in Somercotes, Derbyshire, and was incorporated in 1974. It remains an active company on the UK register.
Generated from the company's website and Companies House records. Sources: rab.equipment