KINNERTON (CONFECTIONERY) CO. LIMITED
Company number: 01401107
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
22 July 2020
Approved by:
ALISON FRANCEY
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 43%
- in 31 to 60 days: 37%
- in 61 days or more: 20%
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: 2%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Credit Terms Code Description 21M 21 Days and EOM 30M 30 Days and EOM 60M 60 Days And EOM D120 120 days from invoice D14 14 days from invoice D15 15 days from invoice D20 20 days from invoice D21 21 days from invoice D25 25 days from invoice D28 28 days from invoice D30 30 days from invoice D35 35 Days from invoice D39 39 days from invoice D40 40 Days from Invoice D44 44 days from invoice D45 45 days from invoice D47 47 Days from invoice D48 48 Days from Invoice D50 50 Days From Invoice D52 52 Days From Invoice D60 60 days from invoice D7 7 days from invoice D70 70 Days From Invoice D72 72 Days from invoice D75 75 days from invoice D90 90 Days From Invoice M0 0 days EOM M10 10 days EOM M14 14 days EOM M15 15 days EOM M20 20 days EOM M21 21 days EOM M28 28 days EOM M30 30 days EOM M45 45 days EOM M60 60 days from EOM M70 70 days EOM M75 EOM And 75 Days M90 90 DAYS EOM Prof Proforma
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any complaint or concern will be dealt with by the Accounts payable department - initially by the account handler and then if still unresolved, by the AP manager and then Financial Controller or Finance Director if required. These are looked into within a few working days of the supplier making contact and resolution can take between a few working days to a few months, depending on the query.
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