AVMI KINLY LTD
Company number: 02468436
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
29 January 2021
Approved by:
Taj Ghere
Payment statistics
Average time taken to pay invoices: 60 days
Invoices paid:
- within 30 days: 7%
- in 31 to 60 days: 49%
- in 61 days or more: 44%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 49%
Payment terms
Shortest standard payment periods
31 days
Longest standard payment period
91 days
Standard payment terms
30 days end of month plus 1 day, 90 days end of month plus 1 day
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
91 days
No further comment provided
Any other information about payment terms
Acquired a business during the reporting period with various payment terms with different suppliers
Dispute resolution process
Complaints are handled in the first instance by the instigator of the purchase within the company. Any disputes are handled directly with the relevant supplier on a case by case basis. We insist suppliers do not undertake any engagements without an official approved purchase order from the business to avoid issues downstream.
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