RESTORE PLC
Company Information
- Company Number
- 05169780
- Registered Address
- The Databank Unit 5 Redhill Distribution Centre, Salbrook Road, Redhill, Surrey, RH1 5DY
- Status
- Active
- Employee Count
- 2,727
- Turnover
- £277,100,000
- EBITDA
- £30,000,000
Additional Details
- Website
- https://www.restoreplc.com/
- Company Type
- Public limited Company
- Incorporated On
- 2 July 2004
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Environment,Agriculture And Waste,Information Technology,Telecommunications And Data,Professional Services,Safety And Security
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| 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 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 42 | 32% | 47% | 21% | 64% |
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
We do not have standard terms from suppliers. Some are 7 days, others 30 days from the date of invoice, others 30 days from the end of the month and some are longer. Are longest term is 120 days.
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
120
Dispute Resolution Process
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 release for payment.
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.
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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?
❌
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
RESTORE PLC is a UK-based company that specializes in providing a range of services related to document management, recycling, and secure data destruction. Founded in 1998, the company has grown to become a leading player in the industry, with a strong focus on sustainability and environmental responsibility.
The company's sustainability program, called "Restore More," aims to minimize its impact on the environment by promoting responsible waste management practices and reducing carbon emissions. This program includes initiatives such as using electric vehicles, implementing energy-efficient processes, and partnering with suppliers who share the same commitment to sustainability.
As a provider of document management services, Restore PLC offers secure storage, scanning, and shredding of physical documents. This allows businesses to efficiently manage their documents while also reducing paper waste. The company also offers secure data destruction services, ensuring that sensitive information is disposed of properly and in compliance with data protection regulations.
Key people at Restore PLC include the CEO, Charles Skinner, who has been with the company since 2017 and has over 30 years of experience in the industry. Other key executives include the CFO, Adam Councell, and the Managing Director of the Document Management division, Simon Blagden.
For contact information, Restore PLC's website is www.restoreplc.com, where customers can find details about their services, sustainability program, and career opportunities. The company's registered office address is 2nd Floor, Moor Place, 1 Fore Street Avenue, London, EC2Y 9DT. With its strong focus on sustainability and a range of services that promote responsible waste management, Restore PLC is a valuable partner for businesses looking to reduce their environmental impact.
