KEW GREEN GROUP LIMITED
Company number: 09027363
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
1 August 2019
Approved by:
Jamie Lamb
Payment statistics
Average time taken to pay invoices: 52 days
Invoices paid:
- within 30 days: 13%
- in 31 to 60 days: 78%
- in 61 days or more: 9%
Late and disputed:
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Standard supplier payment terms a generally 30 days, however certain expectations exist up to 60 days. Currently the existing supplier database has supplier on payment terms between Immediate and 60 days. Supplier payment terms are subject to regular review and are updated accordingly in line with our standard supplier terms where appropriate.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In the event of a dispute between invoice approver and the supplier a complaint can be raised to the Accounts payable team of Kew Green at ap@kewgreen.co.uk or phone number 44 (0)20 8334 4830. This department will send the complaint to the invoice approver within Kew Green responsible for follow up. The Kew Green approver and supplier have to reach agreement within a reasonable period. A reasonable period is defined by the parties involved. If the dispute is not resolved both parties should escalate to a senior representative from each party which shall meet and endeavour to resolve the dispute within a reasonable time.
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.
Yes
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