KIRKWOOD HOMES LIMITED
Company number: SC090034
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
19 February 2020
Approved by:
Scott Martin
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 79%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
61 days
Standard payment terms
Normal terms for suppliers are that the company will pay for goods and services at the end of the month following the month in which the goods and services are received provided that a valid invoice and proof of delivery or equivalent has been received in time for the payment to be approved and processed.
Alternative payment arrangements can also be agreed between the supplier and the company but do not generally exceed 60 days
For subcontractors, a payment timetable is agreed with the subcontractor stating the date by which applications should be received by the company and the payment date agreed. The payment date is such that subcontractors are paid no later than the end of the following month
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
61 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Supplier payment disputes are resolved by the purchase ledger team in discussion with buyer or the person who contracted for services
Where subcontractor applications for payment vary from work valued, these will be resolved by the relevant surveyor or commercial manager in discussion with the subcontractor. or person who contracted for services
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