ABERCROMBIE & KENT LIMITED
Company number: 01082430
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
27 July 2018
Approved by:
Robin Perry
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 86%
- in 31 to 60 days: 8%
- in 61 days or more: 6%
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: 11%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 days
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
484 days
Villa booking. Booked in Feb 2017 invoice received for Total with 2 payment dates (deposit + Balance)
Any other information about payment terms
Standard terms are 30 days, however due to the type of service we pay some invoices are payable Immediately (eg. last minute hotel bookings) and some are payable into the future (invoice provided on booking payment with deposit due immediately and balance due prior to service provided which could be 12 months + after booking)
Dispute resolution process
Suppliers contact Finance with disputes
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.
Yes
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