KOHLBERG KRAVIS ROBERTS & CO. PARTNERS LLP
Company number: OC380163
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
20 January 2021
Approved by:
Scott Karnas
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 83%
- in 31 to 60 days: 13%
- in 61 days or more: 4%
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: 17%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Although our payment terms are 30 days, we do pay all invoices as soon as they are approved.
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
Payment processing is dealt with by the Accounts Payable function and any delayed supplier payment queries that may arise are actioned by that team. In the event they are unable to resolve the matter or if the dispute relates to services provided/received, the query will be discussed between the supplier and relevant function manager or finance/legal personnel to ensure satisfactory resolution for both the supplier and the Firm. Suppliers are encouraged to contact Accounts Payable on accountspayableemea@kkr.com with any questions relating to the payment of invoices.
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