EP KILROOT LIMITED

Company number: NI026039

Reporting period:
1 July 2019 to 31 December 2019

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This report was filed on 31 January 2020

and approved by Tarloke Singh Bains

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 56%
• in 31 to 60 days: 34%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 23%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

30 days

Standard payment terms

Standard payment terms are typically 30 days, however this can vary on a contract to contract basis.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

Vendors set to immediate payment terms appear to pay late but are paid as soon as possible, inline with BACS payment schedule.

Any other information about payment terms

N/A

Dispute resolution process

There is an internal process for dispute resolution however disputes are dealt with on a case by case basis and the process will vary depending on the circumstances. Throughout the process the company aims to communicate swiftly and efficiently between all parties to ensure the dispute is resolved 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 Prompt 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