BETA This is a new service – your feedback will help us to improve it.

KL VENTURES LIMITED

Company number: 04294037

Reporting period:
1 July 2019 to 29 December 2019

---

This information is as reported by the business, and responses are in their own words.

This report was filed on 22 January 2020

and approved by Satnam Grewal

Payment statistics

Average time taken to pay invoices: 15 days

Invoices paid:

• within 30 days: 91%
• in 31 to 60 days: 7%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 12 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

30 days

Standard payment terms

There are various payment terms agreed which range up to 30 days

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

If an invoice is dispute the Accounts Payable department will contact the supplier via e-mail or phone to notify them of the dispute, once the dispute has been resolved the invoice will be approved and paid or a credit note requested

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.

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