Industry ranking
| 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 |
|---|---|---|---|---|---|---|
| 30 Dec 2024 - 29 Jun 2025 | 09 Oct 2025 | 49 | 11% | 65% | 24% | 71% |
| 01 Jul 2024 - 29 Dec 2024 | 23 Jan 2025 | 51 | 9% | 63% | 28% | 68% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 53 | 9% | 59% | 32% | 81% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 54 | 8% | 62% | 30% | 84% |
| 02 Jan 2023 - 01 Jul 2023 | 26 Jul 2023 | 52 | 10% | 64% | 25% | 83% |
| 03 Jul 2022 - 01 Jan 2023 | 16 Jan 2023 | 53 | 10% | 63% | 27% | 72% |
| 03 Jan 2022 - 02 Jul 2022 | 26 Sept 2022 | 55 | 12% | 58% | 31% | 85% |
| 04 Jul 2021 - 02 Jan 2022 | 19 Jan 2022 | 54 | 8% | 62% | 30% | 77% |
| 04 Jan 2021 - 03 Jul 2021 | 08 Jul 2021 | 53 | 11% | 59% | 30% | 78% |
| 06 Jul 2020 - 03 Jan 2021 | 12 Jan 2021 | 54 | 13% | 57% | 30% | 73% |
| 06 Jan 2020 - 05 Jul 2020 | 31 Jul 2020 | 60 | 9% | 54% | 37% | 74% |
| 27 May 2019 - 05 Jan 2020 | 28 Jan 2020 | 61 | 12% | 44% | 44% | 82% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Subcontractor standard terms are 60 Days end of month from date of invoice, all other invoices standard terms are 30 days end of month from date of invoice. These standard terms apply unless otherwise agreed with the Finance Director.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
The supplier will be contacted by email or phone to inform them of the dispute. If the dispute is not resolved then the query will be passed onto the necessary department in order to come to a solution.
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
Jack Richards & Son is a UK road haulage and logistics operator based in Fakenham, Norfolk, with an additional office in Northwich, Cheshire. It provides nationwide road haulage, palletised distribution across the UK and Europe, contract logistics, warehousing and storage, and commercial MOT testing for lorries, trailers and buses at its DVSA-approved facility. It also engages haulage subcontractors and offers Driver CPC training. The company operates as part of the Turners (Soham) Ltd Group, combining group logistics resources with its own long-established transport operation. Customers range from major national brands to family-owned businesses. Incorporated in 1972, the company remains active and continues trading under the Jack Richards & Son name.
Generated from the company's website and Companies House records. Sources: jackrichards.co.uk · jackrichards.co.uk · jackrichards.co.uk