Ranked in 5 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 37 | 66% | 30% | 4% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 25 Sept 2020 | 40 | 61% | 33% | 6% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 25 Sept 2020 | 50 | 64% | 31% | 5% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Sept 2020 | 45 | 57% | 37% | 6% | 37% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Sept 2020 | 43 | 61% | 34% | 5% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Sept 2020 | 37 | 54% | 40% | 7% | 39% |
| 01 Jul 2017 - 31 Dec 2017 | 25 Sept 2020 | 45 | 47% | 46% | 6% | 49% |
This information is as reported by the business, and responses are in their own words.
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
The company seeks to resolve all disputes in a manner that is fair to both parties where possible
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Richardson Milling (UK) Limited is a Bedford-based grain milling business, registered under SIC code 10611. Companies House records show it was previously known as European Oat Millers Limited from 1989 until 2017, before which it traded as Cereal Millers (Europe) Limited and W. Jordan (Millers) Limited. The company's directors include individuals based in Canada, suggesting it forms part of a wider North American milling group, while its registered office and operations remain in Bedfordshire. Its activities fall within grain milling and related food processing, consistent with production of oat and cereal-based products for further use in food and animal feed supply chains.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk