The trend for REDCENTRIC PLC's average time to pay invoices has been gradually decreasing over the past three periods, starting at 52 days in the first period and decreasing to 47 days in the most recent period. This indicates that the company is making efforts to pay their invoices in a more timely manner.
The volatility in REDCENTRIC PLC's payment patterns is relatively low, with the average time to pay only fluctuating by a maximum of 5 days between the three periods. This indicates that the company has a consistent approach to paying invoices.
In the most recent period, REDCENTRIC PLC had an average time to pay of 47 days, with 14% of invoices being paid within 30 days, 65% paid between 31 and 60 days, and 21% paid later than 60 days. This shows an improvement from the previous two periods, where the average time to pay was 52 days and 49 days, respectively.
| 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 Apr 2019 - 30 Sept 2019 | 28 Oct 2019 | 47 | 14% | 65% | 21% | 85% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Either 30 days from date of invoice or 60 days from date of invoice
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
60
Redcentric plc (the "Company") uses a group email address (accountspayable@redcentricplc.com) to which it directs all accounts payable queries and disputes. All queries or disputes to this address are then picked up by a member of the accounts team in the first instance in a timely manner. If the dispute is not able to be resolved at this level it is escalated within the Company's finance team (ultimately to the finance director or chief finance officer).
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
Redcentric plc, registered in Harrogate, is the parent company within the Redcentric group, recorded at Companies House under the head office activities classification. The wider group trades as a UK managed service provider, delivering connectivity, cloud and collaboration services to organisations across sectors including healthcare, housing and aviation, and has operated since 1997. A related but separate entity, Redcentric Data Centres Ltd, previously ran the group's UK data centres before this business was sold to Stellanor. Redcentric's managed services operations, provided through Redcentric Solutions Limited, were unaffected by that sale and continue to support customers with secure, resilient IT infrastructure and digital transformation services.
Generated from the company's website and Companies House records. Sources: 4d-dc.com · 4d-dc.com