KBS MARITIME LIMITED
Company number: 13289372
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
30 July 2025
Approved by:
Stacey Knights (Designated Member - Executive Officer)
Payment statistics
Average time taken to pay invoices: 28 days
Total value paid:
- within 30 days: £51,986,168 (95%)
- in 31 to 60 days: £2,755,231 (5%)
- in 61 days or more: £227,449 (< 1%)
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 12%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £3,207,378
- payments due in the reporting period which have not been paid within the agreed period: 14%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
The Company does not have standard terms, every project / client has different requirements, so the terms are agreed at the time of placing an order / sub- contract. The most frequent used payment term is 30 days.
The most common terms of payment for bank payments is 30 days.
The Company uses other terms of payments, such as:
-invoices payable immediately (where paid against agreed payment milestones);
- invoices payable in 7 days;
- invoices payable in 14 days;
- invoices payable in 28 days;
- invoices payable in 30 days;
- invoices payable in 60 days;
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
The maximum contractual payment period in the reporting period was 60 days.
There are no standard payment terms, these are agreed at time of placing contract. If for any reason there are any contractual changes, the proposed changes are consulted with the supplier and agreed before any changes made.
Any other information about payment terms
No further comment provided
Dispute resolution process
• For goods, if the invoice has not been presented in the correct format as detailed within the Order it will be returned to the Supplier stating why it has been returned. If this results into a dispute the Supplier will contact the Buyer (details on Order) to resolve issue.
• For subcontracts, a Dispute Resolutions clause is included within each contract detailing the agreed process to settle disputes. The contract will also include all the relevant contact details as appropriate.
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.
Yes, this business has signed up to: Prompt Payment Code (PPC)
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