GOV.UK
KINNERTON (CONFECTIONERY) CO. LIMITED
Company number: 01401107
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 25 January 2019
and 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%
Invoices due but not paid within agreed terms: 10 %
Payment terms
Shortest standard payment period
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
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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