KETTLE FOODS LTD.

Company number: 02238320

Reporting period:
1 April 2024 to 30 September 2024

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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