RIO TINTO DIAMONDS LIMITED
Company Details
Registration Number
05266164
Registered Address
6 St James's Square London SW1Y 4AD
Company Status
Dissolved
Employee Count
0
Turnover
£0
EBITDA
£-18,000
Additional Information
Website
riotinto.comCompany Type
Private limited Company
Incorporated on
21 October 2004
Nature of Business (SIC)
82990 - Other business support service activities not elsewhere classified
Industries
0
Region
LondonCompany Location
Financial Overview
£0
£19,460,638
Last Reporting Period
Filed
26 Jul 2019
Period
01 Jan 2019 - 30 Jun 2019
Payment Timing
Average Time to Pay
0 days
Payment Periods
Shortest
0 days
Longest
0 days
Max Contractual
0 days
Payment Timeline
Not Paid Within Terms
0%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 | 26 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 29 Jul 2018 |
Company Summary
RIO TINTO DIAMONDS LIMITED is a leading diamond mining company with a strong commitment towards sustainability
The company's sustainability program focuses on responsible mining practices, environmental conservation, and community development
The company's main product is diamonds, which are ethically sourced from their mines in Australia, Canada, and Africa
They also offer a range of high-quality diamond jewelry through their retail brand, Argyle Pink Diamonds
Some key people in the company include Simon Trott, the managing director, and Arvidson Moyo, the head of sustainability
Both of them have extensive experience in the mining industry and are committed to driving the company's sustainability efforts
To ensure transparency and accountability, RIO TINTO DIAMONDS LIMITED publishes an annual sustainability report, which outlines the company's progress towards its sustainability goals
They also engage with local communities through various initiatives, such as education and health programs, to improve their quality of life
For more information on RIO TINTO DIAMONDS LIMITED and their sustainability program, products, and services, you can visit their website at www.riotintodiamonds.com
Their registered office address is 6 St James's Square, London, SW1Y 4AD, United Kingdom
Company Review
Trend Analysis
The data for RIO TINTO DIAMONDS LIMITED shows a consistent trend in the average time taken to pay invoices to suppliers. There is a slight increase in the average time to pay in the second period (Jul-Dec 2018) compared to the first period (Jan-Jun 2018), followed by a decrease in the third period (Jan-Jun 2019).
Volatility Analysis
The volatility in the data for RIO TINTO DIAMONDS LIMITED is relatively low, with only a slight increase in the average time to pay in the second period and a decrease in the third period. The percentages for invoices paid within 30 days, between 31-60 days, and later than 60 days remain relatively consistent throughout the three periods.
Summary Analysis
In the first period (Jan-Jun 2018), RIO TINTO DIAMONDS LIMITED had an average time to pay of 0 days, with all invoices being paid within the agreed terms. In the second period (Jul-Dec 2018), the average time to pay increased to 3.3 days, with 97.1% of invoices being paid within 30 days and 2.9% being paid between 31-60 days. However, there was a slight increase in the percentage of invoices paid later than 60 days to 0.1%. In the third period (Jan-Jun 2019), the average time to pay decreased to 1.4 days, with 98.2% of invoices being paid within 30 days, 1.2% being paid between 31-60 days, and only 0.6% being paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Not specified
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
Not specified
Dispute Resolution Process
Not specified
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.
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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?
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