KUBOTA (U.K.) LIMITED
Company number: 01299429
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
7 September 2018
Approved by:
David Hart
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 51%
- in 31 to 60 days: 15%
- in 61 days or more: 34%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 15%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
150 days
Standard payment terms
For Inter-company payables there are various standard payment terms between 30 and 150 days (Depending on country of supply). For other suppliers the standard payment terms vary from Immediate payment,7 days,30 days or 30 days end of month.
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
150 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
There is a designated contact e-mail address and/or phone number for accounts payable who should be contacted in case of any query related to a supplier's invoice. Disputes will be followed up and resolved by the relevant person/department involved in the dispute. For Inter-company disputes between sister companies, an Inter-company netting process has been introduced which allows disputes to be communicated and resolved through a portal.
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