| 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 | 59 | 33% | 36% | 31% | 5% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 60 | 33% | 36% | 31% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 60 | 29% | 40% | 31% | 11% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 56 | 33% | 39% | 28% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 48 | 49% | 25% | 26% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 50 | 51% | 23% | 26% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 46 | 36% | 44% | 20% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 34 | 62% | 29% | 9% | 10% |
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.
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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
RECKITT BENCKISER HEALTH LIMITED is a healthcare company that specializes in producing and distributing a wide range of products and services to improve people's health and well-being. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact.
The company's sustainability program focuses on three key areas: reducing carbon emissions, conserving water, and minimizing waste. They have set targets to achieve a 20% reduction in carbon emissions, a 25% reduction in water consumption, and zero waste to landfill by 2025.
RECKITT BENCKISER HEALTH LIMITED offers a diverse portfolio of products and services, including over-the-counter medicines, nutritional supplements, and hygiene and cleaning products. Some of their well-known brands include Nurofen, Strepsils, Durex, and Lysol.
The company is led by a team of experienced and dedicated individuals, including CEO Laxman Narasimhan and Chairman Christopher Sinclair. They are committed to driving the company's growth and success while maintaining a strong focus on sustainability.
To contact RECKITT BENCKISER HEALTH LIMITED, individuals can visit their website at www.rb.com or reach out to their registered office at 103-105 Bath Road, Slough, Berkshire, SL1 3UH, United Kingdom. Their website also provides information on their products, sustainability efforts, and company news.