RICH PRODUCTS LIMITED
Company Information
- Company Number
- 01847615
- Registered Address
- Unit 5 Pioneer Road, Andover Business Park, Andover, England, SP11 8EZ
- Status
- Active
- Employee Count
- 1,074
- Turnover
- £417,384,000
- EBITDA
- £93,748,000
Additional Details
- Website
- https://www.richs.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 12 September 1984
- Nature of Business
- 10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
- Industries
- Food And Drink, Supply Chain, Manufacturing And Commerce Models
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
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 2018 - 30 Jun 2018 | 31 Jul 2018 | 32 | 71% | 26% | 3% | 3% |
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 pay to terms stated on the invoice so if the supplier requires immediate payment it is zero days or if they allow 60 days we pay within 60 days. We do not set the payment terms this is something that would be agreed within the contract depending on the supplier requirements
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We ensure payment is made to terms, the only reasons for late payments would be not receiving the invoice or quantity/price queries
Maximum contractual payment period agreed
60
Dispute Resolution Process
If there is a quantity discrepancy we require proof of delivery, all items are checked in and any damages or discrepancies will be noted on the delivery paperwork. Invoices should quote a purchase order number and agree to the amount on the order. Discrepancies will be dealt with when the invoice is processed, depending on the query it will be referred to the supplier by email or telephone conversation or directed to the person who placed the order in the case of a difference to the agreed value on the purchase order, they would then contact the supplier
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
RICH PRODUCTS LIMITED is a leading global food company that specializes in producing and distributing a wide range of high-quality frozen food products. The company was founded in 1945 and has expanded to serve customers in over 100 countries.
RICH PRODUCTS LIMITED has a strong commitment to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using sustainable packaging materials, implementing energy-efficient practices in their facilities, and sourcing ingredients from sustainable suppliers.
The company offers a diverse range of products, including bakery, pizza, desserts, and appetizers, under various brand names such as Rich's, Jon Donaire, and Casa Di Bertacchi. They also provide custom food solutions for a variety of foodservice and retail customers.
Some key people in RICH PRODUCTS LIMITED include CEO Richard Ferranti, who has been with the company for over 30 years, and President and COO Ray Burke, who leads the company's global operations. The company also has a team of experienced executives and food experts who are dedicated to providing high-quality products and services.
For more information on RICH PRODUCTS LIMITED, their products, and sustainability efforts, visit their website at www.richs.com. The company's registered office address is located at One Robert Rich Way, Buffalo, New York, United States.
