GOV.UK
THEO TOPCO LIMITED
Company number: 10756646
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 17 September 2020
and approved by Robert Scott
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 85%
- in 31 to 60 days: 10%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
30 day payment terms
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
All supplier invoices must be sent to invoices.finance@krgroup.co.uk quoting a purchase order number to enable a three way match to take place before payment is processed. This mailbox sends an auto response to all emails stating:
Thank you for your email, this mailbox is regularly monitored and we aim to respond within 5 working days, please refrain from chasing your requests during this 5 day window, alternatively there is additional information below which may assist you with your request.
Suppliers
If you do not have a Purchase Order number to add to your invoice, please contact the member of staff who placed the order with you directly to obtain this.
If you have submitted an invoice for payment, this should be paid in line with our payment terms.
Internal Colleagues
If you need to check the status of your Requisitions, please go to ‘find requisitions’ in Workday.
If your Requisition requires approval, please speak to the cost centre manager who it is awaiting approval from.
Please ensure you have given the supplier a Purchase Order number for the invoice, Finance will not be able to supply this.
Please ensure your Purchase Order is correctly receipted to ensure payment can be made.
Disputes should also be directed to invoices.finance@krgroup.co.uk and will be dealt with accordingly, escalating the dispute through the Finance department where necessary to seek resolution.
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.
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