KINNERTON (CONFECTIONERY) CO. LIMITED
Company number: 01401107
Reporting period:
1 January 2021
to 30 June 2021
This report was filed on 29 July 2021
and approved by Alison Francey
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 23%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 11 %
Payment terms
Standard payment period for qualifying contracts
27 days
Standard payment terms
Supplier terms are used on all occasions. We have therefore given the average time to pay
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
365 days
Invoices for Rates cover a full year but are paid via monthly or quarterly direct debit
Any other information about payment terms
N/A
Dispute resolution process
Any complaint or concern will be dealt with by the Accounts payable department - initially by the account handler and then if still unresolved, by the AP manager and then Financial Controller or Finance Director if required. These are looked into within a few working days of the supplier making contact and resolution can take between a few working days to a few months, depending on the query.
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
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