| 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 Jun 2017 - 31 May 2018 | 18 Oct 2018 | 57 | 25% | 65% | 10% | 98% |
| 01 Jun 2016 - 31 May 2017 | 18 Oct 2018 | 67 | 30% | 60% | 10% | 97% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days end of month
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
90
Complaint will be considered by relevant department and resolved as soon as practically possible, with payment to the relevant supplier made once resolution is complete.
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
Tor Coatings Limited is a UK manufacturer of paints, varnishes and coatings, and trades as Rust-Oleum Europe. Its site sells the Rust-Oleum branded range of decorative and protective paints for interior and exterior use, including wall, floor, kitchen cupboard, tile, uPVC and garden paints, plus spray paints, waxes, lacquers and preparation products such as Krud Kutter. Products are described as made in the UK, mostly water-based and low odour, supplied in recyclable tins. The company operates from a Gateshead site and its registered office is administered via Bristol. Its Companies House SIC code confirms manufacture of paints, varnishes and similar coatings, mastics and sealants.
Generated from the company's website and Companies House records. Sources: rustoleumcolours.co.uk · rustoleumcolours.co.uk · rustoleumcolours.co.uk