Their own payment-practices filing · gov.uk
Rich Products Limited paid suppliers in 32 days on average — inside its 60-day stated terms
Their H1 2018 filing put the average 28 days inside their stated 60-day term.
- Their stated terms
- 60 days
- Paid outside agreed terms
- 3% of invoices
- Paid after 61+ days
- 3%
- Reporting period
- 1 Jan 2018 – 30 Jun 2018
- Source
- their gov.uk filing, filed 31 Jul 2018
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2018 filing
Paid 28 days inside the 60-day term they state
Where their invoices landed · share of all invoices
The read · computed from their figures
Rich Products Limited's H1 2018 filing put their average at 32 days against stated terms of 60 days; 3% of invoices were paid outside agreed terms and 3% took 61 days or longer. Filed 31 Jul 2018.
That is one statutory period on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
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
Dispute resolution
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 information
We ensure payment is made to terms, the only reasons for late payments would be not receiving the invoice or quantity/price queries
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2018 | 32 | 3% | 3% | 31 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 12 Sept 1984
- Registered office
- UNIT 5 PIONEER ROAD, ANDOVER, SP11 8EZ
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Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-01847615 · latest period to 30 Jun 2018
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