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 Oct 2025 - 31 Mar 2026 | 27 Apr 2026 | 38 | 35% | 61% | 4% | 7% |
| 01 Apr 2025 - 30 Sept 2025 | 21 Oct 2025 | 41 | 33% | 60% | 7% | 12% |
| 01 Oct 2024 - 31 Mar 2025 | 17 Apr 2025 | 41 | 39% | 56% | 5% | 8% |
| 01 Apr 2024 - 30 Sept 2024 | 14 Oct 2024 | 42 | 37% | 57% | 6% | 10% |
| 01 Oct 2023 - 31 Mar 2024 | 23 Apr 2024 | 47 | 46% | 43% | 11% | 17% |
| 01 Apr 2023 - 30 Sept 2023 | 11 Oct 2023 | 44 | 33% | 58% | 9% | 12% |
| 01 Oct 2022 - 31 Mar 2023 | 25 Apr 2023 | 50 | 33% | 54% | 13% | 17% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 55 | 32% | 48% | 20% | 26% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 50 | 20% | 60% | 20% | 20% |
| 01 Apr 2021 - 30 Sept 2021 | 18 Oct 2021 | 45 | 31% | 54% | 15% | 15% |
| 01 Oct 2020 - 31 Mar 2021 | 27 Apr 2021 | 37 | 32% | 61% | 7% | 7% |
| 01 Jul 2020 - 30 Sept 2020 | 04 Nov 2020 | 41 | 28% | 62% | 10% | 10% |
| 01 Oct 2019 - 31 Mar 2020 | 22 Apr 2020 | 38 | 29% | 68% | 3% | 3% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 39 | 29% | 65% | 6% | 6% |
| 01 Oct 2018 - 31 Mar 2019 | 16 Apr 2019 | 38 | 28% | 68% | 4% | 4% |
| 01 Apr 2018 - 30 Sept 2018 | 28 Oct 2018 | 38 | 27% | 69% | 4% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard terms of payment for the Company is “Net Monthly Account (NMA)”, meaning that invoices are paid at the end of the month following the date of the invoice. This means that the standard terms can range from 30-61 days. No payment terms are in operation that are longer than this, meaning that the maximum contractual payment term is 61 days. There have been no variations to the standard payment terms within the reporting period and therefore no need to consult with or inform our suppliers.
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
61
All invoices should be addressed to the Finance department and sent either by post or to the dedicated Accounts Payable inbox, ensuring that a valid purchase order is quoted. Queries should in the first instance be addressed to the Accounts Payable team, either via phone or to the dedicated inbox. The team will try and address the issues. If the Accounts Payable team cannot resolve the issue, then it will be either directed to the person who placed the order, the purchasing department or the Senior Accountant, whomever is the most appropriate for the query in question. Queries can be escalated to the Finance Manager and Finance Director if necessary.
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.
❌
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
Ricoh UK Products Limited is a Telford-based manufacturing company registered in England, active since 1983 under its current name (originally incorporated as Hareton Limited). Its registered nature of business is the manufacture of office machinery and equipment, excluding computers and peripherals. Company directors include Japanese nationals, indicating the entity operates as part of the wider Ricoh corporate group, producing office equipment components or products at its Priorslee, Telford site. No further detail on specific products, customers or trading operations is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk