Score of 93.4/100 qualifies for PaymentCheck Certification
| 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 2024 - 31 Mar 2025 | 16 May 2025 | 16 | 85% | 13% | 2% | 0% |
| 01 Apr 2024 - 30 Sept 2024 | 16 May 2025 | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days after the delivery of the product.
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
Our approach to dispute resolution is grounded in cooperation and good faith. In the event of a disagreement, we will make every reasonable effort to resolve the issue amicably and directly with the counterpart through dialogue and negotiation. Litigation is considered a last resort, and while we reserve the right to pursue legal remedies through the courts if necessary, such action is rare and only taken when all other avenues have been exhausted.
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
Renewable Transport Fuel Services Limited, founded in 2017, trades as RTFS and forms part of the ReFuels (formerly CNG Fuels) group. Evidence describes RTFS as Europe's largest supplier of unsupported biomethane to the transport sector. The wider group supplies renewable biomethane, also known as bio-CNG, produced from food waste and manure, as an alternative fuel for HGV fleets, and operates public access CNG refuelling stations across the UK. The fuel is verified under the UK Department for Transport's Renewable Transport Fuel Obligation. RTFS itself operates as the UK entity within this biomethane supply group, rather than running the refuelling stations directly.
Generated from the company's website and Companies House records. Sources: refuels.com · refuels.com