GOV.UK
KINGSLAND DRINKS LIMITED
Company number: 02905130
Reporting period:
1 July 2018
to 31 December 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 5 February 2019
and approved by Edmund Baker
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 25%
- in 31 to 60 days: 53%
- in 61 days or more: 22%
Invoices due but not paid within agreed terms: 84 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
120 days
Standard payment terms
Wine Supply - Australia/New Zealand = 90 days
Wine Supply - USA/South America = 60-120 days
Wine Supply - Europe = 60 days
Wine Supply - South Africa = 30-90 days
Dry Goods 45 days end of month following
Other Services as agreed with supplier
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Any other information about payment terms
N/A
Dispute resolution process
Disputes are alerted to Accounts Payable or Buyer.
Accounts speak to buyer to determine any delivery or quality issues.
Any issues are relayed to supplier to help find a solution to any disputes.
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