THE ROYAL MINT LIMITED exhibits an average payment time of 28 days, indicating a general trend towards timely payments, with 69% of invoices settled within 30 days. However, a significant 27% of payments fall into the 31-60 day category, suggesting a consistent pattern where a notable portion of invoices will extend beyond immediate short-term expectations. This trajectory implies payments, while generally prompt, often drift slightly past the quickest possible settlement.
The distribution reveals a moderate degree of payment variability, as nearly one-third (31%) of payments extend beyond 30 days, including 4% that go over 60 days. This indicates some unpredictability regarding the exact payment date for a significant minority of invoices, despite the relatively low overall late payment rate of 14%. Suppliers should account for this potential for extended payment cycles, as promptness is not absolute across all transactions.
Overall, THE ROYAL MINT LIMITED is a generally reliable payer, with a majority of invoices settled within 30 days and a low late payment rate. Suppliers should, however, anticipate that approximately one-third of payments may extend into the 31-60 day range, requiring flexible cash flow planning. To mitigate risk, consider offering payment terms that align with this extended cycle or maintaining adequate working capital to cover potential delays.
| 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 29 | 73% | 21% | 6% | 18% |
| 01 Apr 2025 - 30 Sept 2025 | 30 Oct 2025 | 28 | 69% | 27% | 4% | 14% |
| 01 Oct 2024 - 31 Mar 2025 | 17 Apr 2025 | 28 | 69% | 27% | 4% | 14% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 32 | 71% | 25% | 4% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 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
90
Complaints, queries and concerns are considered by the Procurement team, with final point of escalation to head of procurement and supply chain
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
THE ROYAL MINT LIMITED is a private limited company that operates as the official mint for the United Kingdom. It specialises in the production of coinage, commemorative medals, and precious metal products.
The company was incorporated on 16 July 2009 and holds the company number 06964873. It is an active private limited company with its registered office located at The Royal Mint, Llantrisant, Pontyclun, CF72 8YT, in Wales.
As the UK's official mint, THE ROYAL MINT LIMITED provides coinage for circulation both domestically and internationally. The organisation also produces a range of collector coins, bullion investment products, and official medals.
Proud of your payment record? Show your live score on your own site:
<iframe src="https://paymentcheck.co.uk/badge/06964873" width="240" height="72" style="border:0" title="PaymentCheck Score" loading="lazy"></iframe>