KOBER LIMITED

Company number: 07443319

Reporting period:
26 December 2020 to 26 June 2021

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This report was filed on 22 July 2021

and approved by Paul Grover

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

• within 30 days: 52%
• in 31 to 60 days: 48%

Invoices due but not paid within agreed terms: 5%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

59 days

Standard payment terms

Kober Limited ('Kober')'s standard contractual payment terms state that Kober will pay each correct invoice on its next weekly payment run following 53 days after the date of invoice (for packaging suppliers), 30 days (cash in bank) after the date of invoice (for small suppliers, including small packaging suppliers) or on its next weekly payment run following 30 days from the date of the invoice (for other suppliers). In certain specific circumstances, Kober may agree to shorter and longer payment terms with some suppliers as part of an overall commercial agreement.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

59 days

No further comment provided

Any other information about payment terms

Within Kober’s standard contractual terms, Kober may set off monies payable to a supplier against any monies owed to Kober by the same supplier. Although no changes have been made to the relevant suppliers’ contractual payment terms, during the COVID-19 crisis Kober invested in supporting its small suppliers by paying them within 14 days of the relevant invoice being cleared.

Dispute resolution process

If a Kober supplier raises a query in respect of an outstanding invoice, payment or deduction, in the first instance it is handled by the Accounts Payable team through a clear query process. If necessary the Accounts Payable team will refer to other business areas within Kober to resolve the enquiry. If the matter remains unresolved within the target turnaround time it is escalated to senior leadership.

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 Prompt 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