RINGWAY JACOBS LIMITED

PaymentCheck Score 2025
75Good
#2071 in UK
#194 in Property
#347 in South East

Company Information

Company Number
05576465
Registered Address
Albion House, Springfield Road, Horsham, RH12 2RW
Status
Active
Employee Count
1,112
Turnover
£263,802,000
EBITDA
£9,078,000

Additional Details

Company Type
Private limited Company
Incorporated On
28 September 2005
Nature of Business
42110 - Construction of roads and motorways
Industries
Property,Infrastructure And Construction,Travel And Transportation
Region
South East

Time to Pay

Average Time to Pay
41 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
60%
31-60 Days
34%
After 60 Days
6%
Not Paid Within Terms16%

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: 2024-08-01
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202530 Jul 20253262%36%2%12%
01 Jul 2023 - 31 Dec 202330 Jan 20243853%38%9%16%
01 Jan 2023 - 30 Jun 202315 Aug 20234257%35%8%18%
01 Jan 2022 - 30 Jun 202229 Jul 20223566%29%5%11%
01 Jul 2021 - 31 Dec 202131 Jan 20225031%47%22%26%
01 Jan 2021 - 30 Jun 202102 Aug 20215423%47%30%32%
01 Jan 2020 - 30 Jun 202030 Jul 20203941%50%9%6%
01 Jul 2019 - 31 Dec 201904 Feb 20203953%35%12%31%
01 Jul 2018 - 31 Dec 201829 Jan 20194538%52%10%52%
01 Jan 2018 - 30 Jun 201830 Jul 20184337%54%9%52%

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

The company does not use standard payment terms; payment terms are agreed with each individual supplier depending on the nature of the goods/services supplied and the contract involved. Ringway Jacobs utilises both local as well as national suppliers and hence payment terms will vary.

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

Dispute Resolution Process

Disputes would generally be raised to the procurer of the goods/services or the Accounts Payable team depending on the nature of the issue. They will review the disputed item(s) to see if it can be resolved quickly with the vendor and payment can be made. If this is not possible due to the dispute involving non-performance of contract or pricing differences for example, the dispute will be referred to Senior Project Managers/Senior Corporate Managers and if required our Legal department. Ringway Jacobs aim to resolve all vendor disputes as quickly as possible.

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

RINGWAY JACOBS LIMITED is a leading infrastructure and highways service provider based in the United Kingdom. The company was formed in 2011 as a joint venture between Ringway and Jacobs, two established companies in the industry. It operates under a long-term contract with local authorities and is responsible for maintaining and improving the country's road networks.

The company offers a wide range of services including road maintenance, construction, and design. They also provide services such as winter maintenance, street lighting, and traffic management. RINGWAY JACOBS LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a dedicated sustainability team that works towards reducing carbon emissions, waste, and promoting sustainable practices in their operations.

One of their key products is the Ringway Environmental Management System (REMS), which helps to monitor and manage environmental impacts across their projects. They also offer sustainable solutions such as recycled materials for road construction and energy-efficient street lighting. RINGWAY JACOBS LIMITED is also involved in community engagement and supports local charities and schools through various initiatives.

The company is led by a team of experienced professionals, including CEO Mike Notman and Managing Director Simon Tait. They have a strong focus on health and safety, quality, and customer satisfaction. RINGWAY JACOBS LIMITED has a 24-hour customer service helpline to ensure prompt response to any issues.

Their registered office address is Ringway House, Silkwood Park, Fryers Way, Wakefield, West Yorkshire, WF5 9TJ. Their website is www.ringway-jacobs.co.uk, where customers can find more information about their services and sustainability initiatives. Overall, RINGWAY JACOBS LIMITED is a trusted and reliable company that prioritizes sustainability and delivering high-quality services to their clients.

Financial Metrics

Cash
£40,628,727
Net Worth
£13,398,437
Total Current Assets
£67,385,472
Total Current Liabilities
£52,494,213

Company Location