RAPISCAN SYSTEMS LIMITED
Company Information
- Company Number
- 02755398
- Registered Address
- One, New Change, London, England, EC4M 9AF
- Status
- Active
- Employee Count
- 450
- Turnover
- £266,108,000
- EBITDA
- £40,335,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 October 1992
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Safety And Security
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for RAPISCAN SYSTEMS LIMITED has been fluctuating between 51 to 65 days over the past three years. There was a slight decrease in 2020, but it has since increased again in 2021. The percentage of invoices paid within 30 days has also been fluctuating, with a high of 33% in 2020 and a low of 14% in the same year. Overall, there is a trend of longer payment times and a decrease in the percentage of invoices paid within 30 days.
Volatility Analysis
The volatility in the average time to pay has been relatively stable, ranging between 53 to 65 days. However, the volatility in the percentage of invoices paid within 30 days has been more significant, with a high of 33% in 2020 and a low of 14% in the same year. This indicates that the company's payment practices may vary significantly over time.
Summary Analysis
From 2017 to 2021, RAPISCAN SYSTEMS LIMITED has had an average time to pay ranging from 51 to 65 days. The percentage of invoices paid within 30 days has fluctuated between 14% to 33%, with a decrease in recent years. The company has consistently paid the majority of their invoices within 60 days, with a high of 35% in 2019 and a low of 24% in 2020. However, the percentage of invoices not paid within agreed terms has also been consistently high, ranging from 69% to 92%.
Performance Reports History
| 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 2023 - 31 Dec 2023 | 13 Feb 2025 | 57 | 16% | 39% | 45% | 75% |
| 01 Jan 2023 - 30 Jun 2023 | 21 Jul 2023 | 62 | 17% | 32% | 51% | 77% |
| 01 Jul 2020 - 30 Jun 2021 | 18 Aug 2021 | 56 | 23% | 45% | 32% | 84% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 53 | 33% | 44% | 24% | 69% |
| 01 Jan 2020 - 30 Jun 2020 | 19 Aug 2020 | 65 | 14% | 43% | 43% | 92% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 57 | 19% | 46% | 35% | 88% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Aug 2019 | 56 | 18% | 45% | 37% | 87% |
| 01 Jul 2018 - 31 Dec 2018 | 15 Jan 2019 | 55 | 17% | 48% | 35% | 89% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 51 | 25% | 48% | 27% | 82% |
| 01 Jul 2017 - 31 Dec 2017 | 01 Feb 2018 | 56 | 18% | 50% | 32% | 91% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Terms generally vary with the amount of time it takes for the goods to be delivered from the suppliers' facilities - normally between 30 and 90 days.
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
180
Dispute Resolution Process
The supplier contacts the company whereupon Accounts Payable staff will follow up the enquiry and if the issue cannot be resolved, they will contact the supplier explaining the circumstances. If necessary, senior managers will contact the supplier to negotiate a resolution.
Other Payment Information
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
RAPISCAN SYSTEMS LIMITED is a British company that specializes in providing security and inspection solutions to a wide range of industries, including aviation, border control, and critical infrastructure protection. The company was founded in 1993 and is headquartered in Watford, Hertfordshire.
The company's sustainability program is focused on reducing its environmental impact and promoting sustainable practices within its operations. This includes implementing energy-efficient measures, reducing waste and promoting recycling, and using sustainable materials in its products.
RAPISCAN SYSTEMS LIMITED offers a variety of products and services, including X-ray screening systems, metal detection systems, and explosive trace detection equipment. These products are designed to help organizations maintain the highest level of security and detect potential threats.
Some of the key people in RAPISCAN SYSTEMS LIMITED include Peter Kant as the President and CEO, and Mary Brinton as the Chief Financial Officer. The company employs over 3,000 people and has a global presence with offices in over 100 countries.
For more information on RAPISCAN SYSTEMS LIMITED and its products and services, you can visit their website at www.rapiscansystems.com. The registered office address is RAPISCAN HOUSE, Waterside, The Lakes, Northampton, NN4 7XD, United Kingdom.
