Score of 89.83/100 qualifies for PaymentCheck Certification
| 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 2025 - 31 Dec 2025 | 29 Jan 2026 | 24 | 81% | 18% | 1% | 12% |
| 01 Jan 2025 - 30 Jun 2025 | 22 Jul 2025 | 17 | 96% | 3% | 1% | 3% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 15 | 97% | 3% | 0% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 19 Jul 2024 | 16 | 97% | 3% | 0% | 3% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 17 | 97% | 2% | 1% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 17 | 96% | 3% | 1% | 2% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 16 | 94% | 5% | 1% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 22 | 82% | 14% | 4% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 17 | 94% | 5% | 1% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Railpen's standard payment terms are 28 days. A small number of suppliers are paid more promptly e.g. where supplies are deemed to be business critical or are identified as a micro business.
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
28
Most suppliers submit invoices quoting a pre-approved Purchase Order Number . Invoices submitted without a valid Purchase Order Number will be rejected and the supplier asked to provide a valid Purchase Order Number. Payment dispute resolution mechanisms are standard within our contract practices . Payment resolution events are captured within our risk event process and attributed to Supplier Oversight if operational resolution is not an option . There is a clear escalation process .
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
RAILPEN LIMITED is a UK-based company that manages the pension assets of the UK railway industry. It was established in 1990 and is headquartered in London, with additional offices in Birmingham and York.
The company's main activities include managing and investing the pension funds of railway industry employees, as well as providing pension administration services. They have a team of experienced investment professionals who work to ensure the long-term sustainable growth of the pension funds.
In terms of sustainability, RAILPEN LIMITED has a comprehensive sustainability program in place. This includes responsible investing practices, such as considering environmental, social, and governance factors in their investment decisions. They also have initiatives in place to reduce their own environmental impact, such as promoting sustainable travel for their employees and using renewable energy sources.
One of the company's key products is their Defined Benefit pension scheme, which is designed to provide a secure and reliable income for retired railway industry employees. They also offer pension administration services to ensure the smooth and efficient management of pension benefits for their clients.
The key people at RAILPEN LIMITED include their Chairman, Chris Hitchen, and their Chief Investment Officer, Paul Bishop. They also have a Board of Directors and a team of investment and administrative professionals.
For more information on RAILPEN LIMITED and their services, individuals can visit their website at www.railpen.co.uk. Their registered office address is 41 Lothbury, London, EC2R 7HF.
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