KIRIL MISCHEFF LIMITED

Company number: 00250446

Reporting period:
1 April 2019 to 30 September 2019

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This report was filed on 14 October 2019

and approved by Alan Smith

Payment statistics

Average time taken to pay invoices: 39 days

Invoices paid:

• within 30 days: 15%
• in 31 to 60 days: 64%
• in 61 days or more: 21%

Invoices due but not paid within agreed terms: 83%

Payment terms

Shortest standard payment periods

45 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard payment terms are end of following month which equates to an average of 45 days

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

75 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Suppliers are notified of a disputed invoice upon discovery of an issue. The nature of the dispute will determine the resolution process. Internal disputes are generally actioned with the relevant department within the company within 7 days. External disputes will involve the relevant parties and we aim to resolve within 14 days of notification of the dispute.

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.

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