KEW GREEN GROUP LIMITED
Company number: 09027363
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
20 July 2021
Approved by:
Xiaolei Zhao
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 60%
- in 61 days or more: 20%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
60 days
Standard payment terms
Standard supplier teams are generally 45 days, however, certain exceptions exist up to 60 days. Supplier payment terms are subject to regular review and updated where appropriate.
Were there any changes to the standard payment terms in the reporting period?
Due to the unprecedented covid 19 event, we had to adjust our payment strategy to maintain a healthy cashflow.
Were suppliers notified or consulted about these changes before they were made?
We communicated with our suppliers at the start of our change in payment strategy and advised the payment would delay for a maximum of 30 days
Maximum contractual payment period agreed
60 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
In the event of a dispute or query, they should be raised with central accounts payable who can be contacted on ap@kewgreen.co.uk or phone number 0208 334 4830. This department will then resolve all queries within a reasonable period. Central A/P and the supplier must define a reasonable period. If the dispute is not resolved both parties should escalate to a senior representative who will then endeavour to resolve the dispute with a reasonable time frame.
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