RBB ECONOMICS LLP has shown a decreasing trend in the average time taken to pay invoices over the past three periods, with a decrease of 1.5 days from 2017-2018 to 2018-2019. However, there was a slight increase of 1.5 days between 2018-2019 and 2019-2020.
The company has shown a low level of volatility in terms of the average time taken to pay invoices, with only a 1.5 day difference between the highest and lowest values over the past three periods. In terms of the percentage of invoices paid within 30 days, there has been no significant change over the past three periods.
From 2017-2018 to 2018-2019, RBB ECONOMICS LLP has shown a slight decrease in the average time taken to pay invoices, with a decrease of 1.5 days. However, there was a slight increase of 1.5 days from 2018-2019 to 2019-2020. The company has consistently paid the majority of their invoices within 30 days, with an average of 72.7% over the past three periods. There has been a decrease in the percentage of invoices paid between 31 and 60 days, from 23% in 2017-2018 to 21% in 2018-2019. The most significant change has been in the percentage of invoices paid later than 60 days, with a decrease from 8% in 2018-2019 to 0% in 2019-2020. The company has consistently not had any invoices paid beyond the agreed terms, with a 0% average over the past three periods.
| 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 Apr 2017 - 31 Mar 2018 | 30 Oct 2018 | 27 | 73% | 23% | 4% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most frequent supplier payment terms are 30 days
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
not applicable
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
RBB Economics LLP is the UK entity of RBB Economics, a global competition economics consultancy headquartered in London with offices worldwide. The firm provides independent economic advice on competition policy matters, including mergers, cartels, dominance and monopoly inquiries, regulatory issues and litigation. It supports clients before competition authorities and courts, preparing expert reports and analysis, and has advised on a significant proportion of EU Phase II merger cases. The wider group employs over 300 specialist economists across 18 offices internationally, working across many jurisdictions and languages. The London office operates as part of this international partnership network rather than as a standalone data or legal services provider.
Generated from the company's website and Companies House records. Sources: rbbecon.com · rbbecon.com · rbbecon.com