KINLEIGH LIMITED
Company number: 00913323
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
24 July 2018
Approved by:
Paul Allerton
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
All payment terms with suppliers are logged on purchase ledger system and range from o to 30 day terms, unless on quarterly basis (eg rent quarter days) where payment automatically set up to be by either DD or standing Order
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
90 days
Rents payable in accordance with 'Quarter' days
Any other information about payment terms
No further comment provided
Dispute resolution process
1. all invoices authorized by order placing departments
2. if invoiced queried, accounts notified to put on accounts system under 'HOLD' (freezes payables dates)
3. order placing department resolves issue with supplier, and once satisfied that order fulfilled, notify accounts to take off 'HOLD'. Invoice reverts to ageing criteria on system. Resolutions tend to be fulfilled within 1 week, either by invoice being taken off HOLD or credit note being issued.
4.Purchase Ledger accounts reviewed monthly by accounts manager to to ensure all accounts paid within our terms of up to 30 days.
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