Industry ranking
| 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 2021 - 30 Jun 2021 | 23 Jul 2021 | 72 | 2% | 23% | 75% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 69 | 4% | 35% | 61% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 73 | 3% | 24% | 73% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 74 | 2% | 21% | 77% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 28 Jan 2020 | 72 | 4% | 24% | 72% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2020 | 73 | 3% | 21% | 76% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days EOM
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
Any invoice queries and disputes are dealt with by the finance department in liaison with the supply chain lead with a view to resolving within 30 days of the matter being raised.
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
RLC Langford Lodge Limited is registered at Crumlin, County Antrim, matching the RLC Langford Lodge site listed among RLC Group's UK and Isle of Man locations. It forms part of RLC Group, headed by RLC Engineering Group Limited, a privately owned aerospace and defence engineering and manufacturing group operating across the UK, Isle of Man and Singapore. The wider group provides precision machining, treatments and testing, assembly and kitting, engine components, defence equipment and lifecycle support for aerospace and defence programmes. As one of the group's specialist manufacturing sites, this entity contributes to that vertically integrated capability, with company records also showing SIC classifications for machining and manufacture of air and spacecraft related machinery.
Generated from the company's website and Companies House records. Sources: rlc-group.com · rlc-group.com