KP SNACKS LIMITED
Company number: 08314505
Reporting period:
31 December 2018 to 29 June 2019
Report filed on:
25 July 2019
Approved by:
Giles Henderson
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 40%
- in 31 to 60 days: 27%
- in 61 days or more: 33%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 16%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are 90 days from the date of invoice. Payment terms are agreed in advance with the supplier at the point of account set up/contract renewal and payments are made on a weekly basis.
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
120 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Invoices must be made out with the correct company name and address and sent via email to Accountspayable@kpsnacks.com. For any disputes or queries, suppliers can call 0-289-027-1682 or email Accountspayable@kpsnacks.com. The team will investigate any delays or issues in payment in order to resolve any queries as soon as possible.
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