Their own payment-practices filing · gov.uk
RMD Kwikform Limited paid suppliers in 45 days on average — within its stated 30–60 day terms
Their H1 2024 filing put the average 15 days past the shortest term they state (30 days), still within their 60-day upper term.
- Their stated terms
- 30–60 days
- Paid outside agreed terms
- 67% of invoices
- Paid after 61+ days
- 16%
- Reporting period
- 1 Sept 2023 – 29 Feb 2024
- Source
- their gov.uk filing, filed 21 May 2024
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2024 filing
Paid within their stated range — 45 against 30–60 days
Where their invoices landed · share of all invoices
The pattern · last 5 of 5 reports
37 → 45 days — slower across the window
The read · computed from their figures
RMD Kwikform Limited's H1 2024 filing put their average at 45 days against stated terms of 30–60 days; 67% of invoices were paid outside agreed terms and 16% took 61 days or longer. Filed 21 May 2024.
The direction is slower: from 37 days in H1 2018 to 45 now — 8 days slower across their last 5 reports.
That is 5 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
The vast majority of RMD Kwikform's standard payment terms are 30 days from receipt of invoice, variations to these terms are arranged by mutual agreement with suppliers.
Dispute resolution
The accounts payable team manage any disputes from suppliers regarding payment. Normally these disputes are settled within the team over the phone, however there is an escalation process whereby the accounts payable team can forward on any unsettled disputes primarily to the Management Accountant, then Financial Controller and ultimately the Managing Director to resolve.
Other information
Also included in the figures above are invoices payable to subsidaries that RMD UK share a mutual parent with, however the net balance between RMD UK and it's sibling entities more often than not results in a net payable to RMD UK. Therefore these invoices aren't settled to terms.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2024 | 45 | 67% | 16% | 21 May 2024 |
| H2 2019 | 51 | 58% | 33% | 24 Feb 2020 |
| H1 2019 | 45 | 44% | 22% | 27 Aug 2019 |
| H2 2018 | 46 | 62% | 25% | 29 Jan 2019 |
| H1 2018 | 37 | 56% | 11% | 31 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 27 May 1935
- Registered office
- BRICKYARD ROAD, WEST MIDLANDS, WS9 8BW
Illustrative · working-capital arithmetic
What a 45-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 45-day vs a 30-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers · RMD Kwikform Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-00301199 · latest period to 29 Feb 2024
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