GOV.UK
KARRO FOOD LIMITED
Company number: SC220000
Reporting period:
1 April 2022
to 30 September 2022
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 20 October 2022
and approved by Andrew Rutherford
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 20%
- in 61 days or more: 20%
Invoices due but not paid within agreed terms: 18 %
Payment terms
Standard payment period for qualifying contracts
97 days
Standard payment terms
Standard payment terms are 97 days end of month. However, they vary depending on: Size of supplier, Type of industry, Previous agreements, Forecast turnover
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
127 days
127 days is the maximum period for 97 days after the end of the month (30 days plus 97 = 127)
Any other information about payment terms
N/A
Dispute resolution process
Disputes can be raised by phone or email
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
Yes