| 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 2024 - 30 Jun 2024 | 30 Jul 2024 | 50 | 7% | 83% | 10% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 60 | 6% | 70% | 24% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 53 | 13% | 70% | 17% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 13 Jan 2022 | 50 | 17% | 73% | 10% | 13% |
| 01 Jan 2021 - 01 Jun 2021 | 23 Jul 2021 | 52 | 14% | 71% | 16% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 41 | 32% | 65% | 3% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 41 | 29% | 71% | 0% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 calendar days
Were there any changes to the standard payment terms in the reporting period?
45 days and immediate
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Suppliers address their questions or requests to their Citi Business contacts and the Business unit informs the SCO Payables Customer Service team asking for advice or resolution. Suppliers do have the opportunity to directly engage with the Customer Service team, in this case the team involves the related Citi Business to ensure full transparency.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
R.B. BISHOPSGATE INVESTMENTS LIMITED is an active private limited company, incorporated on 3 May 1994, based in the London region. Registered business activity: Other letting and operating of own or leased real estate.
From Companies House records.