AVMI KINLY LTD
Company number: 02468436
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
31 July 2025
Approved by:
TAJ GHERE
Payment statistics
Average time taken to pay invoices: 37 days
Total value paid:
- within 30 days: £5,007,976 (36%)
- in 31 to 60 days: £4,750,609 (34%)
- in 61 days or more: £4,049,180 (29%)
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 34%
- in 61 days or more: 17%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £4,586,140
- payments due in the reporting period which have not been paid within the agreed period: 21%
- not made in the reporting period due to a dispute: 10%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
30 days EOM plus 1
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
1. Initial Review. We begin by investigating internally with Purchasing Department or Project Manager if an invoice does not match what is expected
2. If the dispute is caused by an internal issue, this will be resolved as quickly as possible and the invoice paid.
3. If the invoice is in dispute because of a supplier related issue, such as an overcharge or a returned item, we will liaise with the supplier to come to a conclusion and enable us to process and pay the invoice
4. Items under RMA (return with manufacturer agreement), we will liaise with our returns department to ensure items have been returned, then with the supplier to ensure credit is received and invoice can be processed.
5. Regular supplier statement reconciliations are completed, to ensure all invoices are received and processed
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