KINLEIGH LIMITED
Company number: 00913323
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
12 July 2019
Approved by:
Paul Allerton
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 100%
Late and disputed:
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
standard 30 days per supplier terms. items such as rent are payable on quarter 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
rent on quarter days
Any other information about payment terms
No further comment provided
Dispute resolution process
whether an invoice is disputed or questioned or not, they are all posted onto our purchase ledger when received from suppliers. items in dispute are flagged as 'on hold' which keeps them marked on the system as a current liability due within 30 days. once dispute resolved, the invoice is either reversed by credit note, or paid on removal of hold flag (note ageing commences from time flag removed).
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