| 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 Jul 2019 - 31 Dec 2019 | 19 Feb 2020 | 27 | 47% | 48% | 5% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 40 | 27% | 68% | 5% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
standard terms are 30 day end of month. We may agree shorter or longer payment terms in individual contracts.
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
Invoices that do not comply with our invoice process policy are entered to a register and sent to the relevant budget holder to resolve. Suppliers can contact Accounts Payable team via email accounts@uk.renaultsportracing.com or by telephone 01608 678000. Supplier Statements are reconciled on receipt to ensure that invoices are processed to the ledger communicating to the supplier when an invoice is in dispute. We seek to resolve queries as quickly as possible.
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
This company, registered as Renault Sport Racing Limited, now trades as Alpine Racing Limited. Records show a history of previous names, including Renault F1 Team Limited, Lotus Renault GP Limited and Lotus F1 Team Limited, reflecting its long-running role as the Formula 1 team based at Whiteways Technical Centre, Enstone, Oxfordshire. Companies House classifies its activities under operation of sports facilities and activities of sports clubs, consistent with running a motor racing team. The entity remains active, with recent filings including a 2024 confirmation statement and full accounts. It functions as the operating company behind the Enstone-based F1 outfit, historically linked to Renault and Lotus branding before its rename to Alpine.
Generated from the company's website and Companies House records. Sources: businessnetwork.co.uk