RICARDO PERFORMANCE PRODUCTS LIMITED
Company Information
- Company Number
- 15072813
- Registered Address
- Shoreham Technical Centre, Old Shoreham Road, Shoreham-By-Sea, United Kingdom, BN43 5FG
- Status
- Active
- Employee Count
- 328
- Turnover
- £53,284,000
- EBITDA
- £5,080,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 15 August 2023
- Nature of Business
- 28150 - Manufacture of bearings, gears, gearing and driving elements71122 - Engineering related scientific and technical consulting activities
- Industries
- Manufacturing, Raw Materials And Intermediate Goods
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
RICARDO PERFORMANCE PRODUCTS LIMITED typically pays within 45 days, with the majority (83%) settling within 60 days. While 45% pay within 30 days, a significant 38% extend payments to 31-60 days, indicating a common payment behavior leaning towards the longer end of standard terms. The 11% late payment rate suggests a consistent portion of invoices exceed agreed-upon terms.
Volatility Analysis
Payment reliability shows moderate predictability, with 17% of payments extending beyond 60 days and 11% classified as late. This distribution suggests a notable risk of extended payment cycles for suppliers, even if the average is 45 days. Suppliers should anticipate that a significant minority of invoices may not adhere to strict 30-day terms and could experience delays.
Summary Analysis
Suppliers should approach RICARDO PERFORMANCE PRODUCTS LIMITED anticipating an average payment cycle of 45 days, with the understanding that a portion will extend beyond 60 days or be late. Key decision factors include the supplier's capacity to manage longer cash conversion cycles and potential delays for up to 17% of invoices. Mitigation strategies could involve establishing clear payment terms, closely monitoring invoices past 30 days, and considering credit insurance for higher value orders.
Performance Reports History
| 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 | 45 | 45% | 38% | 17% | 11% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 50 | 44% | 37% | 19% | 22% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Unless stated otherwise in the Purchase Order -within 60 days from the end of month in which Ricardo receives the Supplier’s conforming and undisputed 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
90
Dispute Resolution Process
Where there is a dispute over the pricing / quantity / quality of goods delivered Procurement Dept leads the discussion with the Supplier. Where there is a dispute with presentation of an invoice (such as formatting, missing PO number etc), the Finance team will address the issue with the supplier.
Other Payment Information
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
Company Summary
RICARDO PERFORMANCE PRODUCTS LIMITED is an active private limited company, operating with a focus on high-performance products.
The company was incorporated on 15 August 2023, operating under company number 15072813. Its registered office is located at Shoreham Technical Centre, Old Shoreham Road, Shoreham-By-Sea, United Kingdom, BN43 5FG, placing it within the South East of England.
Organisations with "Performance Products" in their name, structured as private limited companies, typically specialise in the design, engineering, manufacture, and supply of specialised components or systems. These products are generally developed to achieve enhanced functionality, efficiency, or capability across various industrial or consumer sectors.
