KODAK LIMITED
Company number: 00059535
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
9 December 2020
Approved by:
Helen Griffiths
Payment statistics
Average time taken to pay invoices: 52 days
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 38%
- in 61 days or more: 41%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 42%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
90 days
Standard payment terms
Standard terms are 60 days
Were there any changes to the standard payment terms in the reporting period?
Yes, longest standard term was increased from 70 days to 90 days.
Were suppliers notified or consulted about these changes before they were made?
Targeted negotiations with the suppliers to increase terms.
Maximum contractual payment period agreed
90 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Our primary contact for invoice queries is Accounts Payable, Accounts Payable can be contacted via email to an address that is provided to all suppliers on the Purchase Order.
If Accounts Payable cannot provide a resolution to the dispute an internal escalation will be made to the manager of Purchase to Pay Operations and the Commodity Manager responsible for the supplier relationship
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