Why does my domain show up within WHOIS as ‘renewal in progress’?

Why does my domain show up within WHOIS as ‘renewal in progress’?

Your domain status will be referred to as ‘renewal in progress’ during the period when Nominet (the top level registrar for domains within the UK) is processing your order.

WHOIS may take a couple of days to update this and will happen automatically.

You’ll still have access to your site even when this message is displayed.