GOV.UK
KIRIL MISCHEFF LIMITED
Company number: 00250446
Reporting period:
1 October 2023
to 31 March 2024
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 8 April 2024
and approved by Alan Smith
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 56%
- in 61 days or more: 23%
Invoices due but not paid within agreed terms: 82 %
Payment terms
Standard payment period for qualifying contracts
45 days
Standard payment terms
Standard payment terms are end of following month which equates to an average of 45 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Any other information about payment terms
N/A
Dispute resolution process
Suppliers are notified of a disputed invoice upon discovery of an issue. The nature of the dispute will determine the resolution process.
Internal disputes are generally actioned with the relevant department within the company within 7 days. External disputes will involve
the relevant parties and we aim to resolve within 14 days of notification of the dispute.
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.
Yes
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