Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2020 - 31 Mar 2021 | 27 Apr 2021 | 52 | 47% | 33% | 20% | 51% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 36 | 82% | 7% | 11% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
A supplier shall be paid within 30 days from the date of receipt of a valid, proper and undisputed invoice subject to any right of deduction by way of setoff or abatement.
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
The company seeks to engage proactively in good faith to settle any major or material dispute that may arise out of or related to a contractual relationship at the appropriate relationship manager level to seek an equitable and amicable resolution for both parties. Our standard terms of business provide a step by step approach to dispute resolution.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
RFT REPAIRS LIMITED is an active private limited company, incorporated on 24 December 2012, based in the East of England region. Registered business activity: Construction of domestic buildings; Other construction installation.
From Companies House records.