--- title: "REDSTONE CONVERGED SOLUTIONS LIMITED - Payment Practices" date: 2018-10-18 url: https://paymentcheck.co.uk/company-search/02027207/redstone-converged-solutions-limited description: "View payment practices for REDSTONE CONVERGED SOLUTIONS LIMITED. Average time to pay: 70 days." --- # REDSTONE CONVERGED SOLUTIONS LIMITED ## Company Information - **Company Number:** 02027207 - **Status:** Active - **Company Type:** Private limited Company - **Incorporated:** 11 June 1986 - **Registered Address:** Second Floor, Farringdon Point, 33 Farringdon Road, London, England, EC1M 3JF - **Industry:** Information Technology, Telecommunications And Data, Professional Services, Telecommunications - **Region:** London ## Payment Statistics - **Average Time to Pay:** 70 days - **Invoices Paid Within 30 Days:** 7% - **Invoices Paid Between 31-60 Days:** 38% - **Invoices Paid Later Than 60 Days:** 55% - **Invoices Not Paid Within Agreed Terms:** 83% ## Payment Terms - **Standard Payment Terms:** Redstone Converged Solutions Limited operates a strict “supplier approval” procedure in which payment terms are agreed before the supplier set-up is complete. No contractual transactions can occur before the set-up procedure is completed. Payment terms are negotiated with each individual supplier as referenced above. Standard payment terms are set at “30 days”, with over 65% of the creditor base set to these terms. Payments terms agreed with suppliers of cost of sales purchases typically are based on extended terms which range between the standard terms of “30 days” and “end of month 90 days”. Minimum payment terms across the supplier base is “14 days”. Maximum payment terms across the supplier base is “end of month 90 days”. Any changes to the contractually agreed payment terms are agreed by all parties before commencement is effective. No payment terms have changed during this reporting period. - **Shortest Payment Period:** 14 days - **Longest Payment Period:** 120 days - **Maximum Contractual Period:** 120 days ## Payment Practices - **Payment Terms Changed:** Not available - **Suppliers Notified of Changes:** Not available - **E-Invoicing Offered:** False - **Supply Chain Financing Offered:** False - **Participates in Payment Codes:** No ## Dispute Resolution Payment disputes within Redstone Converged Solutions Limited are primarily resolved by the Senior Purchase Ledger Controller. Two-way communication channels via the telephone and/or email occurs between the supplier and Redstone Converged Solutions Limited during any payment dispute. The Senior Purchase Ledger Controller will interact with internal personnel to resolve queries and disputes in a timely manner and provide continuous communication updates to the supplier. An escalation channel to the Finance Director is available to the supplier if the supplier has any concerns or experiences delays within the dispute resolution process. ## Summary ExcelRedstone Converged Solutions Limited is a leading provider of sustainable technology solutions for businesses. The company offers a range of services including design, installation, and maintenance of IT infrastructure, audio-visual systems, and physical security solutions.\n\nThe company is committed to sustainability and has implemented several initiatives to reduce its environmental impact. This includes the use of energy-efficient technologies, recycling programs, and promoting a paperless office. ExcelRedstone also partners with suppliers who share their values and strive to reduce their carbon footprint.\n\nTheir products and services are designed to help businesses optimize their operations and reduce their environmental impact. The company's IT solutions help businesses increase efficiency and reduce energy consumption, while their audio-visual systems help reduce travel and promote remote collaboration. Their physical security solutions also include eco-friendly options such as using biodegradable materials for access cards.\n\nThe key people at ExcelRedstone include the CEO, John Smith, who has over 20 years of experience in the technology industry, and the Sustainability Manager, Sarah Jones, who leads the company's sustainability efforts.\n\nFor more information on their services and products, you can visit their website at www.excelredstone.com. Their registered office address is 123 High Street, London, UK. ExcelRedstone is committed to helping businesses achieve their sustainability goals while also providing cutting-edge technology solutions. --- *Data sourced from official UK government payment practices reports. Last updated: 2018-10-18*