KINGSTON RESTAURANTS LIMITED
Company number: 03427721
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
31 January 2020
Approved by:
Mr G V Michniewicz
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 13%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The most frequently used payment terms is 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
A number of suppliers are paid by direct debit. On the rare occasion where the direct debit falls on a weekend, the payment period can exceed 30 days. Where this is the case, the payment is processed the next working day.
Any other information about payment terms
No further comment provided
Dispute resolution process
Should any supplier have a dispute regarding the payment of invoices, this is dealt with by the accounts department who will aim to resolve the query immediately via a telephone call or email.
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 Fair 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.
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