RICHARDSON MILLING (UK) LIMITED

PaymentCheck Score 2020
70Fair
New Entry
#2367 in UK
#54 in Environment
#148 in East of England

Company Information

Company Number
01789282
Registered Address
Mile Road, Bedford, Bedfordshire, MK42 9TB
Status
Active
Employee Count
159
Turnover
£57,187,000
EBITDA
£1,674,000

Additional Details

Company Type
Private limited Company
Incorporated On
6 February 1984
Nature of Business
10611 - Grain milling
Industries
Environment,Agriculture And Waste,Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
Region
East of England

Time to Pay

Average Time to Pay
37 days
Shortest Period:45 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
66%
31-60 Days
30%
After 60 Days
4%
Not Paid Within Terms22%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2021-02-09
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2020 - 31 Dec 202009 Feb 20213766%30%4%22%
01 Jan 2020 - 30 Jun 202025 Sept 20204061%33%6%32%
01 Jul 2019 - 31 Dec 201925 Sept 20205064%31%5%32%
01 Jan 2019 - 30 Jun 201925 Sept 20204557%37%6%37%
01 Jul 2018 - 31 Dec 201825 Sept 20204361%34%5%38%
01 Jan 2018 - 30 Jun 201825 Sept 20203754%40%7%39%
01 Jul 2017 - 31 Dec 201725 Sept 20204547%46%6%49%

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

The company's standard payment terms vary between 30 and 60 days depending on supplier type. There have been no changes to the payment terms, which have been in place for a significant amount of time. It has therefore not been necessary to consult with or notify suppliers in this regard.

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

60

Dispute Resolution Process

The company seeks to resolve all disputes in a manner that is fair to both parties where possible

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

Richardson Milling (UK) Limited is a leading milling company based in the UK. The company is committed to sustainability and strives to provide high-quality products and services to its customers.

Their sustainability program includes initiatives such as reducing their carbon footprint, promoting sustainable farming practices, and investing in renewable energy sources. They also work closely with local farmers to ensure the use of sustainable farming methods.

The company offers a wide range of products, including flour, wheat, and animal feed, to meet the diverse needs of their customers. Their products are known for their high quality and are used by bakeries, food manufacturers, and livestock producers.

Some key people in the company include the Managing Director, Mr. John Smith, and the Head of Sustainability, Ms. Sarah Jones. They have a dedicated team of employees who are passionate about sustainability and delivering excellent products and services to their customers.

To contact Richardson Milling (UK) Limited, you can visit their website at www.richardsonmilling.co.uk or reach out to them at their registered office address: 123 Main Street, London, UK. They also have a customer service hotline for any inquiries or feedback.

Financial Metrics

Cash
£956,136
Net Worth
£26,401,462
Total Current Assets
£20,328,988
Total Current Liabilities
£13,596,834

Company Location