GOV.UK
KOBER LIMITED
Company number: 07443319
Reporting period:
28 June 2021
to 31 December 2021
This report was filed on 27 January 2022
and approved by Paul Grover
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 50%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 4 %
Payment terms
Shortest standard payment period
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?
No
Maximum contractual payment period agreed
59 days
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
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