KINNERTON (CONFECTIONERY) CO. LIMITED
Company number: 01401107
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
25 January 2019
Approved by:
Nigel Hebron
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 33%
- in 31 to 60 days: 51%
- in 61 days or more: 16%
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: 10%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
0 days EOM 10 days EOM 120 days from invoice 14 days EOM 14 days from invoice 15 days EOM 15 days from invoice 20 days EOM 21 DAys and EOM 21 days EOM 21 days from invoice 25 days from invoice 28 days EOM 28 days from invoice 30 Days and EOM 30 days EOM 30 days from invoice 35 Days from invoice 45 days EOM 45 days from invoice 48 Days from Invoice 50 Days From Invoice 52 Days From Invoice 60 Days And EOM 60 days from EOM 60 days from invoice 7 days from invoice 70 Days From Invoice 70 days EOM 75 days from invoice 90 Days From Invoice EOM And 75 Days Proforma
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
Any complaint or concern will be dealt with by the Accounts departments - initially by the account handler and then if still unresolved, by the AP manager and then Financial Controller or Finance Director if required. These are looked into within a few days of the supplier making contact and resolution can take between a few working days to a few months, depending on 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.
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