Based on the data provided, the average time taken for ROANZA LIMITED to pay invoices has remained relatively consistent over the past three periods, with a slight decrease from 48 days in the second period to 47 days in the third period.
The volatility in ROANZA LIMITED's payment habits can be seen in the varying percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. While these percentages have remained relatively consistent in the past two periods, there was a significant decrease in the first period with 49% of invoices paid within 30 days and 42% paid later than 60 days.
Overall, ROANZA LIMITED has maintained a consistent average time to pay invoices in the past three periods. However, there has been a slight improvement in their payment habits with a decrease in the percentage of invoices paid between 31 and 60 days and an increase in the percentage of invoices paid within 30 days in the most recent period.
| 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 2019 - 30 Jun 2019 | 20 Sept 2019 | 47 | 58% | 35% | 7% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 27 Jun 2019 | 48 | 59% | 35% | 6% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Aug 2018 | 37 | 49% | 42% | 9% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment at end of month following 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
N/A
Maximum contractual payment period agreed
60
Disputes are resolved by the departmental manager issuing the original order
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
ROANZA LIMITED is a dissolved private limited company, incorporated on 28 January 2014, based in the North West region. Registered business activity: Activities of head offices.
From Companies House records.