| 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% |
This information is as reported by the business, and responses are in their own words.
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
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
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
Rich Products Limited is a private limited company registered in Andover, England, incorporated in 1984 under the name Legibus 464 Limited before adopting its current name. Companies House records its business as the manufacture of bread and fresh pastry goods and cakes, alongside wholesale of dairy products, eggs and edible oils and fats, and wholesale of other machinery and equipment. The company files group accounts, indicating it operates as part of a wider corporate group rather than as a standalone trading entity. Its registered office is on Andover Business Park. The company remains active, with recent filings covering officer changes and confirmation statements up to 2025.
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