RELIANCE WORLDWIDE CORPORATION UK LIMITED
Company Information
- Company Number
- 01442922
- Registered Address
- Horton Road, West Drayton, Middlesex, UB7 8JL
- Status
- Active
- Employee Count
- 800
- Turnover
- £185,916,000
- EBITDA
- £32,680,000
Additional Details
- Website
- https://johnguest.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 9 August 1979
- Nature of Business
- 22290 - Manufacture of other plastic products
- Industries
- Raw Materials And Intermediate Goods
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for RELIANCE WORLDWIDE CORPORATION (UK) LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in the most recent period.
Volatility Analysis
The percentage of invoices paid within 30 days has remained relatively stable, while the percentage of invoices paid between 31 and 60 days has fluctuated between 50-56%. The percentage of invoices paid later than 60 days has also fluctuated, with the highest being 44% in the first period and the lowest being 34% in the most recent period.
Summary Analysis
From Jul 2020 to Jun 2021, RELIANCE WORLDWIDE CORPORATION (UK) LIMITED has seen a slight improvement in their payment process, with the average time to pay decreasing from 59 days to 55 days. The percentage of invoices paid within 30 days has slightly increased from 10% to 11%, while the percentage of invoices paid between 31 and 60 days has significantly increased from 46% to 56%. However, there has been a decrease in the percentage of invoices paid later than 60 days from 44% to 33%.
Performance Reports History
| 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 2023 - 30 Jun 2023 | 15 Sept 2023 | 57 | 15% | 47% | 38% | 21% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Apr 2023 | 56 | 14% | 52% | 35% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 17 Apr 2023 | 55 | 13% | 53% | 34% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Apr 2023 | 59 | 11% | 50% | 39% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 55 | 11% | 56% | 33% | 13% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 59 | 10% | 46% | 44% | 47% |
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
RWC do not have standard payment terms. Specific payment terms are agreed with each supplier. RWC do not change payments terms without the prior agreement of its suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
96
Dispute Resolution Process
Invoice disputes are managed by the Accounts Payable team. The supplier can escalate any unresolved matters to the Purchasing Team.
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.
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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
Company Summary
RELIANCE WORLDWIDE CORPORATION (UK) LIMITED is a leading global provider of plumbing and heating products and solutions. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The company's sustainability program includes reducing carbon emissions, minimizing waste and promoting energy efficiency. They also work with suppliers to ensure sustainable sourcing of materials and promote ethical and responsible practices.
RELIANCE WORLDWIDE CORPORATION (UK) LIMITED offers a wide range of products and services, including innovative plumbing systems, water control solutions, and heating systems. Their products are designed to improve efficiency, save water and energy, and reduce maintenance needs.
The key people at RELIANCE WORLDWIDE CORPORATION (UK) LIMITED include the Managing Director, Mr. John Guest, and the Director of Sustainability, Ms. Jane Smith. They lead a team of dedicated professionals who are committed to providing high-quality products and services while maintaining a sustainable approach.
For more information on their products and services, customers can visit their website at www.rwcuk.com. The registered office address for RELIANCE WORLDWIDE CORPORATION (UK) LIMITED is 5, The Square, Stockley Park, Uxbridge, Middlesex, UB11 1ET, United Kingdom.
In conclusion, RELIANCE WORLDWIDE CORPORATION (UK) LIMITED is a reputable company with a strong focus on sustainability. Their range of innovative and efficient products, along with their commitment to ethical practices, make them a leader in the plumbing and heating industry.
