| 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 2025 - 30 Jun 2025 | 23 Jul 2025 | 70 | 40% | 19% | 41% | 10% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 58 | 56% | 16% | 28% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 60 | 42% | 22% | 36% | 10% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 48 | 57% | 16% | 27% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 58 | 48% | 19% | 33% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 58 | 55% | 16% | 29% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 50 | 45% | 29% | 26% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Reckitt’s standard payment terms are that payment is made on the first working day after the end of the month in which falls the ninetieth (90) day after the date of the relevant invoice. We do have suppliers on payment terms which are different to the standard.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The company has a policy to ensure that small suppliers are able to opt for a 30-day payment period. https://www.reckitt.com/sustainability/policies-and-reports/
Maximum contractual payment period agreed
180
Reckitt aims to resolve queries or disputes regarding invoices and payment as quickly as possible. In the first instance, suppliers should speak with their Reckitt contact who can liaise with the Accounts Payable team. Alternatively, suppliers can contact the Accounts Payable team directly. When resolved, the invoice will be available for payment on the next standard payment run.
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
RECKITT BENCKISER (BRANDS) LIMITED is a leading consumer goods company based in the United Kingdom. They are committed to providing high quality, innovative products that improve the lives of their customers while also promoting sustainability.
The company offers a wide range of household, health, and hygiene products under popular brands such as Dettol, Lysol, Vanish, and Air Wick. They also have a strong focus on sustainability, with initiatives in place to reduce their environmental impact and contribute to the well-being of communities.
RECKITT BENCKISER (BRANDS) LIMITED's sustainability program includes targets to reduce their carbon footprint, water consumption, and waste generation. They also prioritize responsible sourcing of materials and ethical labor practices throughout their supply chain.
Key people at the company include their CEO, Laxman Narasimhan, and their CFO, Jeff Carr. They have a team of dedicated employees who work towards achieving the company's goals and values.
For more information on their products and sustainability efforts, customers can visit their website at www.rb.com. The registered office address for RECKITT BENCKISER (BRANDS) LIMITED is 103-105 Bath Road, Slough, Berkshire SL1 3UH, United Kingdom.