Score of 89.3/100 qualifies for PaymentCheck Certification
RIDGE SURVEYORS LIMITED demonstrates a strong trend of prompt payments, with an average payment time of 20 days. A significant 95% of invoices are settled within 30 days, indicating a consistent and positive trajectory for quick payment processing.
Despite the high percentage of payments within 30 days, 33% of payments are technically late, suggesting some volatility in adherence to due dates. Although only 4% extend to 31-60 days and 1% exceed 60 days, suppliers should be aware of the one-third probability of a payment being delayed past its initial terms.
Suppliers can generally view RIDGE SURVEYORS LIMITED as a reliable payer due to the high proportion of payments received within 30 days. However, the 33% late rate necessitates clear payment terms and potentially proactive follow-up for risk mitigation, especially given the minor, but present, risk of payments extending beyond 60 days.
| 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 | 02 Aug 2025 | 20 | 95% | 4% | 1% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are not imposed and suppliers are paid on the payment terms they have pre agreed. These range from 7, 14 and 30 days.
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
30
A Purchase Order is raised for the supply of goods and services, which indicates where invoices should be sent. Properly prepared and submitted invoices are logged onto the Purchase Ledger within 24 hours of receipt. If the invoice is not properly prepared the supplier is advised of what needs to be done to correct the invoice before resubmission. Should a dispute arise the supplier should contact the Ridge Purchase Ledger Team by telephone or email and provide details of their concerns. If the Purchase Ledger Team cannot resolve the issues they will seek assistance from the individual within the business responsible for the ordering and approval of the goods or service supplied.
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
RIDGE SURVEYORS LIMITED is an active private limited company that provides surveying services. Its company name clearly indicates its operational focus within this sector.
The company was incorporated on 5 September 1995 under company number 03098448. Its registered office is located at The Cowyards, Blenheim Park Oxford Road, Woodstock, Oxfordshire, OX20 1QR, situating it within the South East of the UK.
Typically, surveying companies in the UK market offer services such as property valuations, building surveys for residential and commercial properties, and land surveying. These services assist clients with property transactions, development planning, and dispute resolution.
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