GOV.UK
KINNERTON (CONFECTIONERY) CO. LIMITED
Company number: 01401107
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 28 January 2020
and approved by NIGEL HEBRON
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 40%
- in 31 to 60 days: 42%
- in 61 days or more: 18%
Invoices due but not paid within agreed terms: 4 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
Credit Terms Code Description
21M 21 Days and EOM
30M 30 Days and EOM
60M 60 Days And EOM
D120 120 days from invoice
D14 14 days from invoice
D15 15 days from invoice
D20 20 days from invoice
D21 21 days from invoice
D25 25 days from invoice
D28 28 days from invoice
D30 30 days from invoice
D35 35 Days from invoice
D39 39 days from invoice
D40 40 Days from Invoice
D44 44 days from invoice
D45 45 days from invoice
D47 47 Days from invoice
D48 48 Days from Invoice
D50 50 Days From Invoice
D52 52 Days From Invoice
D60 60 days from invoice
D7 7 days from invoice
D70 70 Days From Invoice
D72 72 Days from invoice
D75 75 days from invoice
D90 90 Days From Invoice
M0 0 days EOM
M10 10 days EOM
M14 14 days EOM
M15 15 days EOM
M20 20 days EOM
M21 21 days EOM
M28 28 days EOM
M30 30 days EOM
M45 45 days EOM
M60 60 days from EOM
M70 70 days EOM
M75 EOM And 75 Days
M90 90 DAYS EOM
Prof Proforma
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Any complaint or concern will be dealt with by the Accounts payable department - initially by the account handler and then if still unresolved, by the AP manager and then Financial Controller or Finance Director if required. These are looked into within a few working days of the supplier making contact and resolution can take between a few working days to a few months, depending on the query.
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