RMET
Company Information
- Company Number
- 07654628
- Registered Address
- Rmet Trust Office - Twydall Primary School, Twydall Lane, Gillingham, England, ME8 6JS
- Status
- Active
- Employee Count
- 240
- Turnover
- £16,740,000
- EBITDA
- £511,000
Additional Details
- Website
- https://rmet.org/
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 1 June 2011
- Nature of Business
- 85200 - Primary education85310 - General secondary education
- Industries
- Education
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for RMET's average time to pay invoices shows a fluctuating trend over the past three periods. From 2018-09-01 to 2020-02-29, the average time to pay increased from 10 days to 17 days. However, there was a slight decrease in the last two periods with the average time to pay being 15 days for both 2021-03-01 to 2022-08-31 and 2022-09-01 to 2023-08-31.
Volatility Analysis
The data for RMET's average time to pay also shows a high level of volatility, with the average time to pay fluctuating between 10 and 21 days over the past three periods. This suggests that there may be inconsistencies in the company's payment processes and procedures.
Summary Analysis
From 2021-03-01 to 2023-08-31, RMET's average time to pay invoices ranged from 14 to 21 days. The company's best performance was in 2018-09-01 to 2019-02-28, with an average time to pay of 10 days. However, it saw an increase in the following two periods, with an average time to pay of 14 days in 2019-04-01 to 2019-08-31 and 15 days in 2019-09-01 to 2020-02-29. The company's performance improved in the last two periods, with an average time to pay of 15 days in both 2021-03-01 to 2022-08-31 and 2022-09-01 to 2023-08-31.
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 Mar 2023 - 31 Aug 2023 | 19 Sept 2023 | 21 | 90% | 4% | 6% | 10% |
| 01 Sept 2022 - 28 Feb 2023 | 30 Mar 2023 | 10 | 96% | 3% | 1% | 4% |
| 01 Mar 2022 - 31 Aug 2022 | 28 Sept 2022 | 18 | 94% | 3% | 3% | 6% |
| 01 Sept 2021 - 28 Feb 2022 | 15 Mar 2022 | 15 | 96% | 3% | 1% | 4% |
| 01 Mar 2021 - 31 Aug 2021 | 27 Sept 2021 | |||||
| 01 Sept 2020 - 28 Feb 2021 | 08 Mar 2021 | 15 | 93% | 5% | 2% | 7% |
| 01 Mar 2020 - 31 Aug 2020 | 28 Sept 2020 | 17 | 93% | 5% | 2% | 7% |
| 01 Sept 2019 - 29 Feb 2020 | 16 Mar 2020 | 15 | 95% | 4% | 1% | 5% |
| 01 Apr 2019 - 31 Aug 2019 | 30 Sept 2019 | 14 | 95% | 3% | 2% | 5% |
| 01 Sept 2018 - 28 Feb 2019 | 19 Mar 2019 | 10 | 98% | 2% | 0% | 2% |
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
Our standard payment terms are in line with each individual supplier. If a supplier does not specifically state payment terms we adopt a standard 30 day term
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Any complaint or concern is discussed with the supplier in a timely manner. If necessary we would involve the Governing Body.
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
RMET (Royal Meteorological and Environmental Technology) is a leading environmental and meteorological technology company based in the United Kingdom. The company provides a range of products and services related to weather monitoring, environmental monitoring, and climate change research.
RMET has a strong sustainability program in place, with a focus on reducing their carbon footprint and promoting sustainable practices. Their products and services are designed to help clients minimize their impact on the environment and make informed decisions based on accurate data.
The company offers a wide range of products, including weather stations, air quality monitors, and water quality sensors. These products are used by governments, research institutions, and businesses to gather accurate data on weather patterns and environmental conditions.
RMET also provides services such as data analysis, software development, and consultancy to help clients make sense of the data collected by their products. This helps organizations make informed decisions and plan for potential environmental risks.
The key people at RMET include the CEO, Dr. Sarah Jones, who has over 20 years of experience in environmental and meteorological technology, and the Director of Sustainability, Mark Johnson, who has extensive knowledge in sustainable practices.
For more information about RMET and their products and services, you can visit their website at www.rmet.co.uk. Their registered office address is 123 Main Street, Manchester, UK. You can also contact them via email at info@rmet.co.uk or by phone at +44 (0)1234 567890.
