KBR (ASPIRE SERVICES) LIMITED
Company number: 05704218
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
2 February 2024
Approved by:
Andrew Goodwin
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 81%
- in 61 days or more: 0%
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: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
2. Description of payment practices. The Company has one main ways of paying its vendors : via electronic payments from its bank accounts using HSBCnet . i. The business’ standard payment terms: a. The standard contractual length of time for payment of invoices. The Company has standard terms of paying 30 days from date of invoice. The most frequent used payment terms are 30 days from date of invoice. b. Maximum contractual payment period and any changes to the standard payment terms in the reporting period. The maximum contractual payment period in the reporting period was 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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
ii. The business’ process for resolving disputes related to payment. • All invoice queries are raised direct with the supplier and the invoice is held in query until resolved and payment is released.
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.
Yes, this business has signed up to: Prompt payment code
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