EP KILROOT LIMITED
Company number: NI026039
Reporting period:
1 January 2019 to
30 June 2019
This report was filed on 30 July 2019
and approved by Tarloke Bains
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 25%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 19%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are typically 30 days, however this could vary on a contract basis .
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No
Any other information about payment terms
No
Dispute resolution process
As we have internal procedures and checks every dispute is followed by the necessary tracking of our internal processes and reasons. If the mistake is in our plate we try to find a way to avoid it in future. If the mistake is in supplier, he has to correct himself. There is intensive communication with all involved parties through the whole process.
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, 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?
Yes