RICARDO UK LIMITED
Company Information
- Company Number
- 02815682
- Registered Address
- Shoreham Technical Centre, Old Shoreham Road, Shoreham-By-Sea, West Sussex, BN43 5FG
- Status
- Active
- Employee Count
- 714
- Turnover
- £105,520,000
- EBITDA
- £5,401,000
Additional Details
- Website
- https://ee.ricardo.com/
- Company Type
- Private limited Company
- Incorporated On
- 6 May 1993
- Nature of Business
- 28150 - Manufacture of bearings, gears, gearing and driving elements71122 - Engineering related scientific and technical consulting activities
- Industries
- Manufacturing, Raw Materials And Intermediate Goods
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 24 | 60% | 34% | 6% | 59% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 26 | 60% | 33% | 7% | 71% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 23 | 64% | 30% | 6% | 70% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 36 | 52% | 37% | 11% | 31% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 36 | 50% | 38% | 12% | 33% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 37 | 48% | 38% | 14% | 47% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 41 | 46% | 38% | 16% | 37% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 35 | 50% | 31% | 19% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 43% | 44% | 13% | 11% |
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
Automotive & Industrial Within 60 days due net, although different payment terms are in place with certain suppliers.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Our policy is to process supplier payments that are due for payment once per week and this is the primary contributing factor for the percentage of payments not made within agreed terms during the reporting period. In practice, over 80% of undisputed supplier payments are either made prior to or within one working week of their due date. Note that Ricardo UK Ltd was comprised of two businesses – Automotive & Industrial and Performance Products. From 1 December 2023, the Performance Products business was transferred to a separate legal entity (Ricardo Performance Products Ltd). As a result of this transaction, the information supplied for Ricardo UK Ltd for this reporting period no longer includes information relating to the Performance Products business.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Disputes over deliverables on a supplier contract are managed by our procurement team. Issues with the content and format of purchase invoices are managed by our finance team.
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
RICARDO UK LIMITED is a sustainable engineering and strategic environmental consultancy company based in Shoreham-by-Sea, West Sussex, United Kingdom. The company was founded in 1915 and has since become a leading provider of innovative engineering solutions worldwide.
The company's sustainability program focuses on reducing their environmental impact and promoting sustainable practices. They have implemented various initiatives such as reducing their carbon footprint, promoting renewable energy, and reducing waste in their operations. RICARDO also works with clients to help them achieve their sustainability goals through their engineering and consultancy services.
Their products and services include engineering solutions for the automotive, rail, energy, and defense industries. They also offer strategic environmental consultancy services, including air quality, noise and vibration, and sustainability assessments. RICARDO is committed to creating sustainable solutions for their clients while also minimizing their own environmental impact.
The key people at RICARDO UK LIMITED include their CEO, Dave Shemmans, and their Chairman, Martin Fausset. They lead a team of over 3,000 employees globally, who are dedicated to delivering high-quality and sustainable solutions for their clients.
The company's website address is www.ricardo.com, where interested parties can find more information about their services and sustainability initiatives. The registered office address is Shoreham Technical Centre, Shoreham-by-Sea, West Sussex, BN43 5FG, United Kingdom.
In conclusion, RICARDO UK LIMITED is a leading sustainable engineering and consultancy company, committed to reducing their environmental impact and helping clients achieve their sustainability goals. With a team of experienced professionals and a strong focus on sustainability, the company continues to provide innovative solutions for a greener future.
