KOHLER MIRA LIMITED
Company number: 00252115
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 20 July 2020
and approved by Sarah Sadler
Payment statistics
Average time taken to pay invoices: 63 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 55%
- in 61 days or more: 25%
Invoices due but not paid within agreed terms: 32 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
60 days
Standard payment terms
Terms of Payment are clearly stated in all supply agreements based on Kohler Mira Ltd standard terms of business. Kohler Mira Ltd
standard payment terms for external suppliers are net 60 days. Exceptions may be considered in some circumstances, such as dealing
with SME suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Internal processes are in place to manage invoices that are blocked from payment
Suppliers are requested to contact the Accounts Payable Department if they have any queries regarding invoices/payments
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.
Yes
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