KARRO FOOD LIMITED
Company number: SC220000
Reporting period:
31 December 2017
to 29 June 2018
This report was filed on 20 July 2018
and approved by Michael Kestemont
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 21%
- in 61 days or more: 34%
Invoices due but not paid within agreed terms: 13 %
Payment terms
Standard payment period for qualifying contracts
90 days
Standard payment terms
Standard payment terms are 90 days end of month so could reach 120 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
This is 90 days end of month so could reach 120 days
Any other information about payment terms
N/A
Dispute resolution process
All invoice queries are logged by head office within SAP and assigned to either the head office purchase ledger or a department within the relevant Karro location who resolve any issues with the supplier.
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No