Company number: 04680835
and approved by Marie-Bernadette Ashe
Average time taken to pay invoices: 55 days
Invoices paid:
Invoices due but not paid within agreed terms: 74%
60 days
Answer not provided
60 Days from end of invoicing month
Answer not provided
N/A
90 days
For certain product groups
Kite Packaging enjoys long-term relationships with many international, national and local suppliers from sole traders to Plc’s. Our standard terms are E60 or E90 but we accommodate many different terms, especially small businesses and service providers, whose needs we can understand and accommodate. By prior agreement, we also pay some suppliers early, attracting an early settlement discount. We endeavor to process invoices and resolve problems quickly and efficiently, a fact which is perhaps at odds with the statistics shown i.e. 74% of invoices being paid late. This is due to the timing of our payment runs which are generated just before each month end with funds arriving with suppliers 3 days later. The majority of these invoices, whilst late, are paid within 5 days of the due date.
https://www.kitepackaging.co.uk/scp/help-and-guides/supplier-payment-and-dispute-resolution-guide/
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No