RIVUS FLEET SOLUTIONS LIMITED

PaymentCheck Score 2023
66Fair
5.7vs last year
#3002 in UK
#171 in Road Travel
#162 in West Midlands

Company Information

Company Number
04383521
Registered Address
2620 Kings Court The Crescent, Birmingham Business Park, Birmingham, England, B37 7YE
Status
Active
Employee Count
883
Turnover
£192,585,000
EBITDA
£13,869,000

Additional Details

Company Type
Private limited Company
Incorporated On
27 February 2002
Nature of Business
45200 - Maintenance and repair of motor vehicles
Industries
Road Travel, Software
Region
West Midlands

Time to Pay

Average Time to Pay
33 days
Shortest Period:14 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
52%
31-60 Days
40%
After 60 Days
8%
Not Paid Within Terms32%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-07-07
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2023 - 30 Jun 202307 Jul 20233352%40%8%32%
01 Jul 2022 - 31 Dec 202224 Mar 20233156%41%3%28%
01 Jan 2022 - 30 Jun 202228 Jul 20222768%29%4%35%
01 Jan 2022 - 30 Jun 202229 Jul 20222860%38%2%42%
01 Jul 2021 - 31 Dec 202118 Mar 20223351%40%9%63%
01 Apr 2019 - 31 Dec 201909 Mar 20202086%11%3%26%
01 Apr 2018 - 30 Sept 201830 Oct 20182669%29%2%21%

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

60 Days EOM

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

90

Dispute Resolution Process

Supplier will contact AP Queries mailbox or requester of service. We will endeavour to reply to suppliers within 5 working days.

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

RIVUS FLEET SOLUTIONS LIMITED is a leading provider of fleet management solutions in the United Kingdom. They offer a wide range of services to help businesses manage their fleet operations efficiently and sustainably.

Their sustainability program is at the core of their operations and they are committed to reducing the environmental impact of their services. They have implemented various measures to reduce carbon emissions, promote fuel efficiency, and encourage the use of electric and hybrid vehicles. They also offer training and support to their clients to help them reduce their carbon footprint.

The company's main products and services include fleet management, maintenance and repair, vehicle leasing, and fuel management. They also provide telematics solutions to track and monitor vehicle performance, as well as driver behavior. This helps businesses improve their overall fleet efficiency and reduce costs.

The key people at RIVUS FLEET SOLUTIONS LIMITED include their CEO, Mark Gallagher, and their Managing Director, Jason Chamberlain. Both have extensive experience in the fleet management industry and are dedicated to providing innovative and sustainable solutions to their clients.

Their website, www.rivusfleetsolutions.com, provides detailed information about their services and solutions. Their registered office address is located in London and can be found on their website.

In summary, RIVUS FLEET SOLUTIONS LIMITED is a leading fleet management company in the UK, offering sustainable solutions to help businesses manage their fleets effectively. With a strong commitment to reducing environmental impact and a range of products and services to support this, the company continues to be a trusted partner for businesses looking to improve their fleet operations.

Financial Metrics

Cash
£864,000
Net Worth
£18,780,000
Total Current Assets
£114,614,000
Total Current Liabilities
£101,092,000

Company Location