J.R. RIX & SONS LIMITED
Company number: 00577587
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
30 July 2019
Approved by:
David Evans
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 45%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Terms vary with suppliers according to the product or service supplied Standard terms remain unaltered being the end of month following the date of the supplier invoice (30-60 days from receipt of invoice )
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any queries should in the first instance directed to the purchase accounts section who will in turn direct it to the individual or department responsible for authorising payment If necessary the dispute will be escalated to senior management with the intention of resolving the matter in a timely manner
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No