KING LIFTING LIMITED
Company number: 01607970
Reporting period:
1 August 2025 to 31 January 2026
Report filed on:
25 February 2026
Approved by:
John McLellan
Payment statistics
Average time taken to pay invoices: 39 days
Total value paid:
- within 30 days: £2,430,228 (33%)
- in 31 to 60 days: £4,329,489 (58%)
- in 61 days or more: £669,258 (9%)
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 48%
- in 61 days or more: 11%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £1,205,636
- 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: 4%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
King Lifting Ltd has established different payment terms based on the types of contracts, reflecting our respect for our suppliers. The most commonly used payment term is 60 days from the end of the month. For smaller local suppliers, we implement a 30-day payment term from the end of the month. Meanwhile, major suppliers generally agree to a payment term of 90 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
90 days
No further comments
Any other information about payment terms
No further comment provided
Dispute resolution process
All payment-related disputes should be directed to the Purchase Ledger Team via email or telephone. The team will make every reasonable effort to resolve the issue directly with the supplier first. If a resolution cannot be achieved, the matter will be escalated to the Finance Director for further review and guidance. If the issue remains unresolved and it is deemed necessary after managerial review, we will seek external legal advice to secure an appropriate resolution with the supplier.
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