RWM payment performance 2023 to 2024
Published 22 February 2024
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This publication is available at https://www.gov.uk/government/publications/nws-payment-performance-report/rwm-payment-performance-2023-to-2024
The figures included in the report highlight our promptness in paying our suppliers and are expressed in numbers of payments made within 5 days of due date, within 30 days and payments made over 30 days late.
The performance figures are also expressed in monetary terms.
Number of payments made
| RWM payment performance FY 23/24 | QTR1 | QTR2 | QTR3 | QTR4 | FY 2024 |
|---|---|---|---|---|---|
| Paid within 5 days of receipt | 360 | 435 | 416 | ||
| Paid within 6 to 30 days of receipt | 507 | 443 | 396 | ||
| Paid within 0 to 30 days of receipt sub total | 867 | 878 | 812 | ||
| Paid after 30 days of receipt | 54 | 31 | 20 | ||
| Total Invoices paid | 921 | 909 | 832 |
Percentage based on number of invoices processed
| RWM payment performance FY 23/24 | QTR1 | QTR2 | QTR3 | QTR4 | FY 2024 |
|---|---|---|---|---|---|
| Paid within 5 days of receipt | 39% | 48% | 50% | ||
| Paid within 6 to 30 days of receipt | 55% | 49% | 48% | ||
| Paid within 0 to 30 days of receipt sub total | 94% | 97% | 98% | ||
| Paid after 30 days of receipt | 6% | 3% | 2% |
Value of payments made
| RWM payment performance FY 23/24 | QTR1 | QTR2 | QTR3 | QTR4 | FY 2024 |
|---|---|---|---|---|---|
| Paid within 5 days of receipt | £9,333,861.57 | £10,174,455.78 | £9,830,334.86 | ||
| Paid within 6 to 30 days of receipt | £9,115,670.28 | £7,613,959.40 | £6,032,683.26 | ||
| Paid within 0 to 30 days of receipt sub total | £18,449,531.85 | £17,788,415.18 | £15,863,018.12 | ||
| Paid after 30 days of receipt | £925,013.88 | £365,559.38 | £662,523.81 | ||
| Total Invoices paid | £19,374,545.73 | £18,153,974.56 | £16,525,541.93 |
Percentage based on value of invoices paid
| RWM payment performance FY 23/24 | QTR1 | QTR2 | QTR3 | QTR4 | FY 2024 |
|---|---|---|---|---|---|
| Paid within 5 days of receipt | 48% | 56% | 59% | ||
| Paid within 6 to 30 days of receipt | 47% | 42% | 37% | ||
| Paid within 0 to 30 days of receipt sub total | 95% | 98% | 96% | ||
| Paid after 30 days of receipt | 5% | 2% | 4% |