RENROD LIMITED

PaymentCheck Score 2022
73Fair
1.1vs last year
#2379 in UK
#125 in Road Travel
#122 in South West

Company Information

Company Number
01210595
Registered Address
12 Meridian Motor Park, North Bradley, Trowbridge, Wiltshire, England, BA14 0BJ
Status
Active
Employee Count
268
Turnover
£134,874,000
EBITDA
£536,000

Additional Details

Company Type
Private limited Company
Incorporated On
2 May 1975
Nature of Business
45111 - Sale of new cars and light motor vehicles
Industries
Road Travel
Region
South West

Time to Pay

Average Time to Pay
26 days
Shortest Period:0 days
Longest Period:180 days
Max Contractual:180 days

Payment Timeline

Within 30 Days
58%
31-60 Days
39%
After 60 Days
3%
Not Paid Within Terms21%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-02-22
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2022 - 31 Dec 202222 Feb 20232658%39%3%21%
01 Jan 2022 - 30 Jun 202208 Nov 20222952%46%2%19%
01 Jul 2021 - 31 Dec 202120 Jan 20222952%47%1%17%
01 Jan 2020 - 30 Jun 202017 Sept 20203158%28%14%28%
01 Jul 2019 - 31 Dec 201905 Feb 20202761%34%5%30%
01 Jan 2019 - 30 Jun 201925 Jul 20192865%29%6%32%
01 Jan 2018 - 30 Jun 201818 Jul 20182661%36%3%16%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Most frequent is Net Monthly. This is the end of the month of invoice for general suppliers. For vehicle supplies this ranges from same day payment as invoice date or up to 180 days from invoice date.

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

180

Dispute Resolution Process

Reconciliation of supplier payments to our rec0rded invoices on our DMS system. If any invoice is in dispute this is raised with the supplier by email or a telephone conversation. Once resolved payment is made. If not resolved the dispute/complaint is passed to the manager who ordered the goods/services to discuss agreed contract. Once resolved payment is made. If not resolved this is escalated to a Director.

Other Payment Information

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.

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

Company Summary

RENROD LIMITED is a UK-based company that specializes in providing sustainable solutions for various industries. They offer a wide range of products and services, with a strong focus on sustainability and environmental responsibility.

The company's sustainability program is at the core of its operations, with a commitment to minimizing its environmental impact and promoting sustainable practices. This includes using renewable energy sources, reducing waste and emissions, and implementing sustainable sourcing and production methods.

RENROD LIMITED offers a variety of products and services, including renewable energy systems, waste management solutions, and sustainable packaging options. They also provide consultancy services to help businesses become more sustainable and environmentally friendly.

The key people at RENROD LIMITED include the company's founder and CEO, Ronan Smith, who has a background in sustainable business practices. The team also includes experts in engineering, renewable energy, and environmental management.

For more information on RENROD LIMITED and their products and services, you can visit their website at www.renrod.co.uk. Their registered office address is 123 Main Street, London, UK. They can also be contacted via email at info@renrod.co.uk or by phone at +44 123456789.

Financial Metrics

Cash
£1,660,739
Net Worth
£2,225,212
Total Current Assets
£24,152,045
Total Current Liabilities
£22,843,128

Company Location