KBR (ASPIRE SERVICES) LIMITED
Company number: 05704218
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
31 July 2024
Approved by:
Andrew Goodwin
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 79%
- 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
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.
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
The contractual terms of payment stipulate that invoices should be paid by the end of the following month, so invoices raised before the end of previous month can be paid within periods longer than 30 days.
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