GOV.UK
KOBER LIMITED
Company number: 07443319
Reporting period:
31 December 2017
to 30 June 2018
This report was filed on 16 July 2018
and approved by James Fasey
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 35%
- in 31 to 60 days: 60%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 10 %
Payment terms
Shortest standard payment period
36 days
Longest standard payment period
59 days
Standard payment terms
Kober Limited ('Kober') operates on standard contractual payment terms of either 53 days (for packaging suppliers) or 30 days for other suppliers.
Unless agreed otherwise, Kober pays each correct invoice on its next weekly payment run following 53/30 days after the date of the invoice.
However Kober does agree shorter payment terms with some suppliers as part of a commercial agreement.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
59 days
Any other information about payment terms
Within Kober’s standard contractual terms, Kober may set off monies payable to a supplier against any monies owed to Kober by the same supplier.
Dispute resolution process
If a Kober supplier raises a query in respect of an outstanding invoice, payment or deduction, in the first instance it is handled by the Accounts Payable team through a clear query process.
If necessary the Accounts Payable team will refer to other business areas within Kober to resolve the enquiry.
If the matter remains unresolved within the target turnaround time it is escalated to senior leadership.
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
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