KARRO FOOD LIMITED
Company number: SC220000
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 25 April 2024
and approved by Simon Ho
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 19%
- in 61 days or more: 32%
Invoices due but not paid within agreed terms: 20 %
Payment terms
Shortest standard payment period
97 days
Longest standard payment period
127 days
Standard payment terms
Standard payment terms are 97 days end of month. However they vary depending on the size of the supplier. type of supplier, industry, previous agreements, forecast turnover
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
127 days
127 DAYS IS THE MAXIMUM 97 PLUS 30
Any other information about payment terms
N/A
Dispute resolution process
Disputes are raised by phone and email
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
Yes