JR RIX SONS LIMITED
Company Information
- Company Number
- 00577587
- Registered Address
- 2 Humber Quays, Wellington Street West, Hull, England, HU1 2BN
- Status
- Active
- Employee Count
- 885
- Turnover
- £756,120,000
- EBITDA
- £30,226,000
Additional Details
- Website
- https://www.rix.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 25 January 1957
- Nature of Business
- 46711 - Wholesale of petroleum and petroleum products46719 - Wholesale of other fuels and related products70100 - Activities of head offices
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for J.R. RIX & SONS LIMITED's average time to pay invoices has been fairly consistent over the past three years, with a slight decrease in 2022 compared to previous years. The percentage of invoices paid within 30 days has also remained relatively stable, while there has been a small increase in the percentage of invoices paid between 31 and 60 days in 2022. However, the percentage of invoices paid later than 60 days has seen a significant decrease in 2022.
Volatility Analysis
The volatility of J.R. RIX & SONS LIMITED's average time to pay invoices has been low, with only a small fluctuation in 2022 compared to previous years. The volatility of the percentage of invoices paid within 30 days and between 31 and 60 days has also been low, while the volatility of the percentage of invoices paid later than 60 days has been high in previous years but has decreased in 2022.
Summary Analysis
Overall, J.R. RIX & SONS LIMITED has maintained a consistent average time to pay invoices and a high percentage of invoices paid within 30 days. However, there has been a decrease in the percentage of invoices paid later than 60 days in 2022, indicating an improvement in their payment practices. The worst period was in 2018-2019 where the percentage of invoices paid later than 60 days was 4%, which has since decreased to 2% in 2021-2022.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2023 - 30 Jun 2023 | 22 Feb 2024 | 26 | 62% | 35% | 3% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 22 Feb 2024 | 30 | 57% | 36% | 7% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 09 Aug 2022 | 25 | 65% | 33% | 2% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 16 Jun 2022 | 35 | 48% | 48% | 4% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 11 Aug 2021 | 30 | 51% | 47% | 2% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 04 Mar 2021 | 34 | 49% | 49% | 2% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Mar 2021 | 35 | 50% | 46% | 4% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Mar 2021 | 35 | 51% | 45% | 4% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 33 | 53% | 45% | 2% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Feb 2019 | 35 | 51% | 45% | 4% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 28 Jul 2018 | 35 | 47% | 49% | 4% | 4% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Terms with suppliers vary according to the nature of the product or service supplied Our standard payment terms for suppliers is the end of the month following date of invoice (30-60 days from receipt of invoice )
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
In the first instance it should be directed to the purchase accounts section who will in turn direct it to the individual or department responsible for authorising the payment If necessary the dispute will be escalated to senior management with the aim of resolving the matter in a timely manner
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
J.R. RIX & SONS LIMITED is a British company that has been in operation for over 140 years. They are a family-owned business and have a strong commitment to sustainability in all aspects of their operations.
The company's main activities include the production and distribution of fuel, as well as the operation of service stations, convenience stores, and marine fueling facilities. They also have an agricultural division that provides farming services and supplies.
In terms of sustainability, J.R. RIX & SONS LIMITED has implemented several initiatives to reduce their environmental impact. This includes investing in renewable energy sources, reducing their carbon emissions, and promoting recycling and waste reduction.
Their products and services are also focused on sustainability, with a range of eco-friendly fuels and lubricants available. They also offer energy-efficient heating solutions and electric vehicle charging points at their service stations.
The key people at J.R. RIX & SONS LIMITED include the chairman, Tim Rix, and the managing director, James Doyle. They are both involved in the company's sustainability efforts and are committed to promoting ethical and responsible business practices.
The company's website address is www.rix.co.uk, where customers can find information about their products and services, as well as their sustainability program. The registered office address is Rix House, 4 Bloomsbury Square, London, WC1A 2RP, United Kingdom.
In conclusion, J.R. RIX & SONS LIMITED is a well-established British company that is dedicated to sustainability in all aspects of their business. With a range of eco-friendly products and services, and a strong commitment to reducing their environmental impact, they are a leader in promoting responsible and ethical practices in the fuel industry.
