Ranked in 4 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 |
|---|---|---|---|---|---|---|
| 29 Dec 2019 - 28 Jun 2020 | 23 Jul 2020 | 35 | 42% | 47% | 11% | 75% |
| 29 Jun 2019 - 28 Dec 2019 | 05 Feb 2020 | 32 | 48% | 45% | 7% | 78% |
| 28 Dec 2018 - 28 Jun 2019 | 23 Oct 2019 | 42 | 45% | 39% | 16% | 86% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from end of month of date of invoice
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
Queries from suppliers are submitted by email, post or telephone. The accounts payable team try to resolve any disputes immediately. If the issue cannot be resolved in this way it is passed to the procurement team who manage all significant supplier disputes. In the event of a more serious dispute the board of directors will engage directly with the supplier to resolve.
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
RADIUS SYSTEMS LIMITED is an active private limited company, incorporated on 14 September 1981, based in the East Midlands region. Registered business activity: Manufacture of other plastic products; Activities of production holding companies.
From Companies House records.