Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 99.4/100 qualifies for PaymentCheck Certification
| 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 | 23 Jan 2026 | 14 | 99% | 1% | 0% | 1% |
| 01 Jan 2025 - 30 Jun 2025 | 25 Jul 2025 | 13 | 99% | 1% | 0% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 13 | 97% | 2% | 1% | 3% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 13 | 99% | 1% | 0% | 1% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 11 | 98% | 2% | 0% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 17 | 95% | 3% | 2% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 15 | 95% | 4% | 1% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 17 | 96% | 4% | 0% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 19 | 93% | 6% | 1% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 14 | 98% | 2% | 0% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 14 | 97% | 3% | 0% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 13 | 95% | 5% | 0% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 13 | 99% | 1% | 0% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 16 | 97% | 2% | 1% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 14 Jan 2019 | 16 | 99% | 1% | 0% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 18 | 94% | 6% | 0% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Reclaim Fund shall pay the charges (excluding any disputed amounts) for suppliers within 30 days of receipt of an accurate and valid invoice, unless agreed otherwise with trade supplier
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
30
All payments disputed are managed centrally by Reclaim Fund and processed by the Finance Manager
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Reclaim Fund Ltd operates the UK's Dormant Assets Scheme. Since 2011 it has received, managed and distributed dormant asset funds on behalf of participating financial institutions, including banks, building societies, insurers, pension providers and investment and wealth management firms. It takes on liability for transferred funds, maintains reserves to repay participants should customers reclaim money, and passes surplus funds to The National Lottery Community Fund for distribution to good causes. It is a not-for-profit, arm's-length body owned by HM Treasury, with its shareholding managed by UK Government Investments. It operates independently, is FCA regulated, and is self-funded through investment returns rather than participant fees or taxpayer money.
Generated from the company's website and Companies House records. Sources: reclaimfund.co.uk · reclaimfund.co.uk