Industry ranking
RESTORE DIGITAL LIMITED's average payment time of 35 days suggests a trend of payments consistently extending beyond standard 30-day terms. While 50% of invoices are settled promptly within 30 days, a substantial 44% consistently fall into the 31-60 day range. The 26% late payment rate, with 6% exceeding 60 days, indicates a recurring pattern of significant payment delays for a notable portion of invoices.
The payment profile exhibits moderate volatility; while 94% of payments occur within 60 days, 26% are consistently late, impacting overall reliability for suppliers. There's a predictable risk of invoices extending past 30 days given 44% fall into the 31-60 day bracket, reducing payment predictability for nearly half of transactions. The 6% of payments exceeding 60 days represent a clear risk factor for significantly delayed cash flow, indicating inconsistent adherence to reasonable payment schedules.
Suppliers should approach RESTORE DIGITAL LIMITED with caution, factoring in the 35-day average payment time and the 26% late payment rate as key decision factors. While half pay promptly, the significant proportion (44%) paying 31-60 days and 6% exceeding 60 days suggests a need for robust cash flow planning from the supplier's side. To mitigate risk, consider establishing shorter payment terms, requesting partial upfront payments for larger orders, or implementing stricter credit limits and active accounts receivable monitoring.
| 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 | 30 Jan 2026 | 30 | 85% | 11% | 4% | 6% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 29 | 58% | 33% | 9% | 41% |
| 01 Jul 2024 - 31 Dec 2024 | 19 Feb 2025 | 26 | 63% | 35% | 2% | 30% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 25 | 63% | 34% | 3% | 31% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jul 2024 | 35 | 50% | 44% | 6% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 29 Jul 2024 | 27 | 64% | 34% | 2% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms requested from suppliers is 30 days from date of invoice. We do receive invoices with different payment terms such as 7 days, 14 days and 60 form date of invoice.
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
Any matters that will knowingly cause a delay in payment are usually identified at the time invoices are sent for approval. The supplier is then contacted to discuss these matters and a resolution is agreed with them. Once the person authorising the invoices is satisfied the invoice is released for payment. Various departments / individuals may be included in the resolution depending on the nature of the dispute.
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
Restore Digital Limited trades as Restore Information Management, part of the Restore Group. It provides document storage, document scanning and digital mailroom services, converting paper records into searchable digital files and managing inbound physical and digital communications for organisations. The company operates a network of secure facilities across the UK, handling both physical and digital records within a single chain of custody. It holds accreditations including Cyber Essentials Plus, ISO information security standards, GDPR compliance and NHS Digital Data Security & Protection Toolkit certification, serving sectors such as government, healthcare, legal and local authorities. It describes itself as a UK-owned document management company helping organisations move from paper-based to digital record keeping.
Generated from the company's website and Companies House records. Sources: completescanning.co.uk · completescanning.co.uk