The average time to pay for L.ROWLAND & COMPANY (RETAIL) LIMITED has remained relatively consistent over the past three periods, with a slight decrease in 2023 compared to 2022. However, there has been a noticeable increase in the percentage of invoices paid within 30 days, from 5% in 2019 to 5% in 2023. This suggests that the company has improved its payment efficiency.
The volatility in the data for L.ROWLAND & COMPANY (RETAIL) LIMITED can be seen in the fluctuation of the percentage of invoices paid within 30 days. While it remained at 5% for three periods, there was a significant increase to 14% in 2020 and then a decrease to 1% in 2021 before returning to 5% in 2022 and 2023. This volatility could indicate changes in the company's payment policies or financial stability.
Looking at the data for the past three periods, L.ROWLAND & COMPANY (RETAIL) LIMITED has maintained an average time to pay of 44-47 days. However, there has been a significant improvement in the percentage of invoices paid within 30 days, from 5% in 2019 to 5% in 2023. This suggests that the company has become more efficient in paying its invoices on time. Additionally, there has been a decrease in the percentage of invoices paid later than 60 days, from 9% in 2023 to 0% in 2018. This could indicate a stronger financial position for the company.
| 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 Feb 2025 - 31 Jul 2025 | 03 Sept 2025 | 43 | 10% | 89% | 1% | 5% |
| 01 Aug 2023 - 31 Jan 2024 | 29 Feb 2024 | 48 | 2% | 87% | 11% | 3% |
| 01 Feb 2023 - 31 Jul 2023 | 15 Aug 2023 | 47 | 5% | 86% | 9% | 3% |
| 01 Aug 2022 - 31 Jan 2023 | 28 Feb 2023 | 46 | 4% | 95% | 1% | 3% |
| 01 Feb 2022 - 31 Jul 2022 | 31 Aug 2022 | 42 | 5% | 95% | 0% | 2% |
| 01 Aug 2021 - 31 Jan 2022 | 28 Feb 2022 | 46 | 3% | 96% | 2% | 3% |
| 01 Feb 2021 - 31 Jul 2021 | 01 Sept 2021 | 44 | 3% | 97% | 0% | 3% |
| 01 Aug 2020 - 31 Jan 2021 | 04 Mar 2021 | 46 | 1% | 97% | 2% | 3% |
| 01 Feb 2020 - 31 Jul 2020 | 26 Aug 2020 | 44 | 5% | 95% | 0% | 3% |
| 01 Aug 2019 - 31 Jan 2020 | 26 Feb 2020 | 42 | 14% | 85% | 0% | 2% |
| 01 Feb 2019 - 31 Jul 2019 | 30 Aug 2019 | 44 | 5% | 95% | 0% | 3% |
| 01 Aug 2018 - 31 Jan 2019 | 01 Mar 2019 | 45 | 5% | 95% | 0% | 2% |
| 01 Feb 2018 - 31 Jul 2018 | 30 Aug 2018 | 44 | 7% | 93% | 0% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard contractual terms for goods and services is end of the following month. Depending on the category, higher or lower standard terms may also be employed in line with industry standards for those areas.
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
90
Disputes or complaints should be communicated to the L Rowland and Co (Retail) Ltd's Accounts Payable Reconciliation Associate in the first instance and can be escalated to the Accounts Payable Supervisor or Accounts Payable Manager 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.
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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
L.ROWLAND & COMPANY (RETAIL) LIMITED is a well-established retail company in the United Kingdom that offers a wide range of products and services to its customers. The company was founded in 1790 and has been in the retail industry for over two centuries.
Their sustainability program is a major focus of the company, as they strive to reduce their carbon footprint and promote eco-friendly practices. They have implemented various initiatives, such as using renewable energy sources, reducing plastic packaging, and promoting recycling among their employees and customers.
The company offers a variety of products, including health and beauty, household essentials, and over-the-counter medicines. They are also known for their pharmacy services, offering prescription filling and consultation with trained pharmacists.
The key people of L.ROWLAND & COMPANY (RETAIL) LIMITED include the chairman, Mr. John McAvoy, and the managing director, Mr. Gerard Greene. They both have extensive experience in the retail industry and are committed to providing high-quality products and services to their customers.
For more information and to shop their products, customers can visit their website at www.rowlandspharmacy.co.uk. The registered office address of L.ROWLAND & COMPANY (RETAIL) LIMITED is at 20 Victoria Way, Pride Park, Derby, DE24 8AN.
In conclusion, L.ROWLAND & COMPANY (RETAIL) LIMITED is a reputable retail company in the UK with a strong focus on sustainability. They offer a wide range of products and services, and their key people are dedicated to providing excellent customer service. Customers can visit their website or registered office for more information.