KILTEARN PARTNERS LLP
Company number: SO303158
Reporting period:
1 April 2020 to 30 September 2020
Report filed on:
30 October 2020
Approved by:
Craig Watson
Payment statistics
Average time taken to pay invoices: 15 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
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Invoices are paid once a month during a scheduled payment run, generally on business day 8 to allow month end invoices to be received from smaller suppliers. If there are a significant number of invoices received after this date a second payment run will be carried out towards the end of the month otherwise any invoices received after business day 8, are paid in the following payment run unless the funds are urgently required, whereby an ad-hoc payment will be made.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In the event of a dispute with a supplier a complaint can be raised to Kiltearn Finance. This will be investigated and flagged to the Head of Finance who will follow up and resolve the dispute within a reasonable time.
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