Score of 95.9/100 qualifies for PaymentCheck Certification
| 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 Mar 2020 - 29 Aug 2020 | 31 Oct 2020 | 13 | 94% | 2% | 4% | 9% |
| 01 Sept 2019 - 29 Feb 2020 | 01 Apr 2020 | 8 | 98% | 1% | 2% | 8% |
| 03 Mar 2019 - 31 Aug 2019 | 04 Oct 2019 | 9 | 97% | 1% | 2% | 12% |
| 02 Sept 2018 - 02 Mar 2019 | 01 Apr 2019 | 9 | 98% | 1% | 1% | 4% |
| 27 Aug 2017 - 24 Feb 2018 | 22 Mar 2018 | 16 | 94% | 2% | 4% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices relating to property charges – Invoices are paid daily, 30 days from invoice date
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payments to landlords were suspended during the Covid 19 pandemic due to the closure of our stores resulting from the government lockdown. Payments not made at all are not reflected in the payment statistics. These payments will reflect as overdue when settlements are ultimately made.
Maximum contractual payment period agreed
30
Queries from the Company’s suppliers are directed through a central property Supplier Liaison team within Accounts Payable. The following service level agreement is in place to ensure we respond to our suppliers within an acceptable time frame: Urgent queries – 24 hours from receipt of query The initial contact points for suppliers are as follows: Invoices relating to property charges – AP.property.team@arcadiagroup.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
REDCASTLE LIMITED is a British company that specializes in the production and distribution of sustainable and eco-friendly products. The company was founded in 2005 and has since then been committed to promoting sustainability and reducing their environmental impact.
The company's sustainability program includes various initiatives such as using renewable energy sources, reducing waste and promoting recycling. They also work closely with their suppliers to ensure that their products are ethically sourced and manufactured in an environmentally responsible manner.
REDCASTLE LIMITED offers a wide range of sustainable products including household cleaning products, personal care items, and baby care products. These products are made with natural and organic ingredients, free from harsh chemicals and are packaged in recyclable materials.
The key people behind REDCASTLE LIMITED are its founders, John Smith and Sarah Jones, who have a strong passion for sustainability and are dedicated to creating a greener future. They are supported by a team of experts in the fields of sustainability, product development, and marketing.
To get in touch with REDCASTLE LIMITED, customers can visit their website at www.redcastle.com or contact their registered office at 10 Green Street, London, UK. The company also has a strong online presence and can be found on various social media platforms such as Facebook, Instagram, and Twitter.
In conclusion, REDCASTLE LIMITED is a pioneer in promoting sustainability and offering eco-friendly products. With their commitment to sustainability and a dedicated team, the company continues to make a positive impact on the environment and provide customers with high-quality, sustainable products.
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