Their own payment-practices filing · gov.uk
How long does RMD Kwikform Limited take to pay its suppliers?
Self-reported figure from their statutory filing. How this is compiled.
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
Terms vs reality
Stated terms: 30–60 days. Reported average: 45.
At a glance
The key figures
Vs peers · latest reported averages
The pattern
Getting slower
Average days to pay across their last 5 statutory reports.
Where their supplier invoices land · latest period
The read · computed from their figures
RMD Kwikform Limited has filed 5 statutory payment periods (earliest H1 2018). Their latest report puts the average at 45 days against stated terms of 30–60 days.
The direction is slower: from 37 to 45 days over the window — about 8 days slower.
In the latest period 67% of invoices were paid outside their agreed terms, and 16% landed 61+ days out.
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 |
Working-capital effect
What a 45-day cycle ties up
Illustrative. 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 Act 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
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Watch RMD Kwikform Limited (free)
Their next payment report is due ≈ 26 Sept 2024. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.
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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 6,185 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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