KYOCERA FINECERAMICS LIMITED
Company number: 02570177
Reporting period:
1 April 2022 to 30 September 2022
Report filed on:
14 October 2022
Approved by:
Mr Allan Martin
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 42%
- in 31 to 60 days: 42%
- in 61 days or more: 16%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 5%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
65 days
Standard payment terms
The majority of the company’s supplier payments are to intra-group companies, where payment terms vary from 30 days from date of invoice to 49 days from date of statement, whilst payments to external third party suppliers vary from 1 day to 30 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
65 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The company is committed to dealing with its suppliers in a fair and professional manner, within the Kyocera Group Corporate Social Responsibility policy guidelines.
We seek to resolve queries as quickly as possible, however in the event that a dispute cannot be resolved by our Accounts Payable team, the matter would be escalated, in the first instance, to the Finance & Business Manager to seek a resolution.
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