Score of 89.05/100 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 Jul 2025 - 31 Dec 2025 | 28 Jan 2026 | 19 | 87% | 10% | 3% | 23% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 19 | 89% | 9% | 2% | 20% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 23 | 83% | 12% | 5% | 24% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 19 | 90% | 8% | 2% | 18% |
| 01 Jul 2023 - 31 Dec 2023 | 18 Jan 2024 | 20 | 84% | 15% | 1% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 10 Jul 2023 | 16 | 91% | 8% | 1% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 23 | 82% | 13% | 5% | 25% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 29 | 77% | 17% | 6% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 11 Feb 2022 | 23 | 82% | 15% | 3% | 32% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 25 | 81% | 14% | 5% | 28% |
| 01 Jul 2020 - 31 Dec 2020 | 17 Feb 2021 | 30 | 71% | 21% | 8% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 24 | 79% | 17% | 4% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 26 | 80% | 16% | 4% | 38% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 22 | 80% | 17% | 3% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 23 | 75% | 22% | 3% | 41% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 23 | 84% | 13% | 3% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
RCI Financial Services Limited’s policy for the payment of suppliers is as follows: • Payment terms will be agreed at the start of the relationship with the supplier and will only be changed by agreement. • Standard payment terms with suppliers of goods and services will be 30 days from receipt of correct invoice for satisfactory goods and services which have been ordered and received unless other terms are agreed in contract. • Payment will be made in accordance with the agreed terms or in accordance with the law if no agreement has been made; and • Suppliers will be advised without delay when an invoice is contested, and disputes will be settled as quickly as possible.
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
60
Suppliers are advised without delay when an invoice is contested with the aim of resolving the dispute as quickly as possible. Disputes are generally resolved with the department who has placed the order. If the matter cannot be resolved with the department, it will be escalated to senior management for resolution.
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
RCI Financial Services Limited is an active company registered in England, incorporated in 1997. It was previously named Nissan Finance (GB) Limited between 1997 and 2007, before being renamed. Its registered activity, under SIC code 64921, is credit granting by non-deposit taking finance houses and other specialist consumer credit grantors, with associated industry tags covering cars, motorcycles and other road vehicles alongside loans, debt and grants. This indicates the company operates in consumer credit provision linked to vehicle finance rather than manufacturing or selling vehicles itself. No further detail on specific products, customer base or trading brand is provided in the available records beyond its registered office, officers and filing history held at Companies House.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk