RICHARDSONS LEISURE LIMITED
Company Information
- Company Number
- 00685774
- Registered Address
- Richardsons Boatyard, The Staithe, Stalham Norwich, Norfolk, NR12 9BX
- Status
- Active
- Employee Count
- 169
- Turnover
- £12,923,000
- EBITDA
- £4,144,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 9 March 1961
- Nature of Business
- 30120 - Building of pleasure and sporting boats55201 - Holiday centres and villages56302 - Public houses and bars93290 - Other amusement and recreation activities not elsewhere classified
- Industries
- Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for RICHARDSONS LEISURE LIMITED shows a fluctuation in the average time taken to pay invoices to suppliers over the past three periods. From 2017 to 2019, there was a gradual increase in the average time taken to pay invoices, with the highest average of 46 days in the period between April 2018 and November 2018. However, there has been a slight decrease in the average time taken to pay invoices in the most recent period, with an average of 36 days between November 2021 and May 2022.
Volatility Analysis
The volatility in the payment behavior of RICHARDSONS LEISURE LIMITED is evident in the fluctuation of the percentage of invoices paid within 30 days and between 31 and 60 days. In the most recent period, there has been a significant increase in the percentage of invoices paid within 30 days, indicating a more prompt payment behavior. However, there has also been an increase in the percentage of invoices paid between 31 and 60 days, indicating a delay in payment for some invoices.
Summary Analysis
The data for RICHARDSONS LEISURE LIMITED shows that in the most recent period (November 2021 to May 2022), there has been an improvement in payment behavior. The average time taken to pay invoices has decreased, and there has been an increase in the percentage of invoices paid within 30 days. However, there has also been an increase in the percentage of invoices paid between 31 and 60 days, indicating some delay in payment for certain invoices.
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 Nov 2021 - 01 May 2022 | 22 Sept 2022 | 36 | 45% | 51% | 4% | 34% |
| 03 May 2021 - 31 Oct 2021 | 22 Sept 2022 | 39 | 34% | 60% | 6% | 38% |
| 02 Nov 2020 - 02 May 2021 | 20 Aug 2021 | 38 | 40% | 54% | 6% | 32% |
| 04 May 2020 - 01 Nov 2020 | 20 Aug 2021 | 41 | 37% | 55% | 8% | 12% |
| 04 Nov 2019 - 03 May 2020 | 12 Jun 2020 | 38 | 36% | 60% | 4% | 25% |
| 06 May 2019 - 03 Nov 2019 | 19 Dec 2019 | 42 | 26% | 66% | 8% | 25% |
| 05 Nov 2018 - 05 May 2019 | 19 Jul 2019 | 40 | 32% | 61% | 7% | 28% |
| 30 Apr 2018 - 04 Nov 2018 | 19 Jul 2019 | 46 | 24% | 65% | 11% | 33% |
| 30 Oct 2017 - 29 Apr 2018 | 16 May 2018 | 38 | 32% | 63% | 5% | 24% |
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
We make 2 payment runs each month to our suppliers, on the 15th and 30th of each month. Certain key suppliers are paid on the next run after their invoice is received. Most suppliers will be paid at the end of the following month from the invoice date (05/03/22 invoice would be paid 30/04/22). Suppliers who have given us extended credit terms are paid at the end of the month, 2 months after the invoice date (05/03/22 invoice would be paid 30/05/22).
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
90
Dispute Resolution Process
The invoice would be marked to 'hold' by the person responsible for signing off the invoice. It would then either be the responsibility of the person signing off the invoice or purchase ledger, based at head office, to contact the supplier and sort out the dispute, depending on its nature.
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.
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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.
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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.
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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
Richardsons Leisure Limited is a UK-based company that specializes in providing sustainable leisure products and services. The company was founded in 1973 and is currently headquartered in York, England.
The company's sustainability program focuses on reducing their environmental impact by using sustainable materials and promoting eco-friendly practices. They also strive to support local communities and promote fair labor practices.
Richardsons Leisure Limited offers a wide range of products and services, including hot tubs, spas, saunas, and swimming pools. They also provide installation, maintenance, and repair services for their products.
The key people at Richardson Leisure Limited include the company's founder, Richard Richardson, and the current CEO, Sarah Richardson. Both have a strong commitment to sustainability and ensuring the company's products and services are environmentally friendly.
To contact Richardson Leisure Limited, customers can visit their website at www.richardsonsleisure.com or visit their registered office at 11-13 Main Street, Fulford, York, YO10 4LR, United Kingdom.
In summary, Richardson Leisure Limited is a reputable company that prioritizes sustainability and offers a diverse range of eco-friendly leisure products and services. With a strong commitment to the environment and the community, this company is setting a great example for other businesses to follow.
