Payment Practices & Performance

September 2023

Average time to pay 35 days
% of payments made within 30 days 47%
% of payments made within 60 days 46%
% of payments made after 60 days 7%
% of payments not paid within the agreed period 24%
  • Standard payment terms are 30 days, unless otherwise negotiated with procurement
  • The current maximum contractual payment is 60 days end of month
  • All suppliers are notified of any changes to terms via email (where applicable), or post
  • Invoice disputes are dealt with by the relevant business unit, Rivus aim to answer and close these within 5 working days of receipt
  • The data above covers the entirety of September, covering circa 12,406 invoices across 700 suppliers

Payment and Practices Performance Document

View Report
Back to top

Search for a garage near you