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KINDRED (LONDON) LIMITED

Company number: 03433883

Reporting period:
1 January 2023 to 30 June 2023

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

This report was filed on 5 August 2023

and approved by GAVIN HAYWARD

Payment statistics

Average time taken to pay invoices: 26 days

Invoices paid:

• within 30 days: 90%
• in 31 to 60 days: 8%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 12 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

30 days

Standard payment terms

Some suppliers require immediate payment but in general most payment terms are either 14 or 30 days. A few suppliers have 45 or 60days payment terms.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Kindred (London) Limited try to resolve all disputes and complaints in an amicable and diplomatic manner. They are addressed by the relevant department who are purchasing the goods / services with support of the Accounts payable team where required. If this is not possible, disputes / complaints are resolved by our legal and procurement teams.

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