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KINNERTON (CONFECTIONERY) CO. LIMITED

Company number: 01401107

Reporting period:
1 January 2021 to 30 June 2021


Warning This information is as reported by the business, and responses are in their own words.

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:

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