KNAPP U.K. LIMITED
Company number: 03426761
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
20 October 2025
Approved by:
Craig Rollason
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 16 days
Total value paid:
- within 30 days: £17,015,054 (49%)
- in 31 to 60 days: £12,049,402 (35%)
- in 61 days or more: £5,323,527 (15%)
Invoices paid:
- within 30 days: 94%
- in 31 to 60 days: 5%
- 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: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Unless otherwise agreed in writing between the parties, all
payments shall be made net within 30 days of receipt of invoice and
after fulfilment of all requirements stated in the purchase order. Unless
otherwise agreed by KNAPP, payments shall become due only after
the SUPPLIER has submitted all required (payment) guarantees.
Payments by KNAPP shall not represent acceptance of the
correctness of the delivery, documentation and/or services rendered,
and thus do not represent a waiver by KNAPP of its right to assert
claims for non-performance on any legal grounds.
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 disputes arising in connection with or as a consequence of
the contractual relationship, and should these not be settled mutually
within 30 days, shall be finally resolved in accordance with the rules
of arbitration of the International Chamber of Commerce (ICC) by
one arbitrator nominated in accordance with these rules. The seat of
the arbitral court shall be in London. The language of the proceedings
shall be English but this clause shall not prevent KNAPP initiating
proceedings in the courts of England and Wales.
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