KETTLE FOODS LTD.
Company number: 02238320
Reporting period:
1 April 2024 to
30 September 2024
This report was filed on 31 October 2024
and approved by Lindsey Moses-Roberts
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 38%
- in 61 days or more: 26%
Invoices due but not paid within agreed terms: 33%
Payment terms
Shortest standard payment periods
25 days
Longest standard payment period
75 days
Standard payment terms
Kettle Foods Ltd's standard payment terms are 75 days end of month in which it receives the supplier's invoice.
Were there any changes to the standard payment terms in the reporting period?
The longest standard payment period changed from 105 days to 75 days end of month in which Kettle Foods Ltd receives the supplier's invoice.
Were suppliers notified or consulted about these changes before they were made?
The change was communicated by email to suppliers.
Maximum contractual payment period agreed
75 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Kettle Foods Ltd builds and develops relationships with its suppliers and in the first instance would always look to settle any dispute through amicable discussion.
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, this business has not signed up to a code of conduct or standards on payment practices.
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