KENTUCKY FRIED CHICKEN (GREAT BRITAIN) LIMITED
Company number: 00967403
Reporting period:
29 June 2020 to 27 December 2020
Report filed on:
12 January 2021
Approved by:
Chris Drew
Payment statistics
Average time taken to pay invoices: 16 days
Invoices paid:
- within 30 days: 89%
- in 31 to 60 days: 9%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 4%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
Kentucky Fried Chicken (Great Britain) Limited does not enforce its own payment terms. Payments are generally paid to the terms required by the supplier. If no terms are stipulated in a supplier contract or invoice then default terms of 30 days are used on the supplier master data.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any non-EDI invoices will be scanned into an electronic invoice approval system and allocated to an approver. If the approver disputes the invoice the following process is followed - the approver will: a) place the invoice on hold within the system and liaise directly with the supplier for clarification, credit notes or amendments; or b) reject the invoice back to the Transactional Finance team who will liaise on the approvers behalf with the supplier regarding the query.
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.
Yes
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