| 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 2018 - 01 Jan 2019 | 31 Jan 2019 | 92 | 8% | 23% | 69% | 92% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 79 | 0% | 44% | 56% | 100% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard contractual length for time of payment of invoices is 60 days from the date of the invoice, however payment terms will vary depending on the supplier type, the spend type, the contractual obligations and the overall contractual negotiation. Our payment terms can be found in clause 8.5 of our standard terms: “In consideration of the supply of Goods and/or Services by the Supplier, Randstad shall pay valid and accurate invoices correctly rendered and accompanied by the information specified in clause 8.6, subject always to clause 8.7 below within 60 days of the date of receipt to a bank account nominated in writing by the Supplier.”
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The last change to our standard payment terms took place prior to the reporting period which started on 1 January 2018. There have been no changes to standard payment terms in the reporting period which started on 1 January 2018.
Maximum contractual payment period agreed
90
A copy of our complaints policy is available on request from accounts.payable@randstad.co.uk
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
RANDSTAD MIDDLE EAST LIMITED is a dissolved private limited company, incorporated on 31 August 1990, based in the East of England region. Registered business activity: Management consultancy activities other than financial management; Temporary employment agency activities.
From Companies House records.