The average time taken for VOLVO CONSTRUCTION EQUIPMENT HAULERS LIMITED to pay invoices has been decreasing over the past three periods, with a slight increase in the latest period.
The percentage of invoices paid within 30 days has been variable over the past three periods, with the highest being 19% in the latest period and the lowest being 8% in the first period. The percentage of invoices paid between 31 and 60 days has also been variable, with the highest being 54% in the latest period and the lowest being 34% in the first period. The percentage of invoices paid later than 60 days has been decreasing over the past three periods, with the lowest being 30% in the latest period and the highest being 58% in the first period.
| 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 2020 - 30 Jun 2020 | 28 Jul 2020 | 62 | 19% | 49% | 32% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 17 Feb 2020 | 59 | 16% | 54% | 30% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Oct 2019 | 63 | 14% | 53% | 33% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 26 Feb 2019 | 64 | 10% | 38% | 52% | 52% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 64 | 8% | 34% | 58% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days end of month
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
Invoices will be placed into the company network system, the relevant purchase order or invoice owner is then notified of the nature of the dispute and it is assigned to them to resolve.
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
This Scottish-registered company operates under the trading name Rokbak, having moved on from its former Volvo Construction Equipment Haulers identity. It manufactures articulated haulers, construction machinery designed to carry heavy payloads across demanding terrain, with models including the RA30 and RA40. Production takes place at its factory in Scotland, with haulers shipped to a global network of dealers. The business forms part of the Volvo Group, benefiting from that wider organisation's resources while running its own manufacturing operation, dealer network and parts and support services from its Motherwell site. Its registered office is at Newhouse Industrial Estate, Motherwell, Lanarkshire.
Generated from the company's website and Companies House records. Sources: rokbak.com · rokbak.com