THE KAY GROUP (UK) LIMITED
Company number: 01893754
Reporting period:
1 May 2024 to 31 October 2024
Report filed on:
18 November 2024
Approved by:
Simon Fielding
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 1%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
10 days
Longest standard payment period
60 days
Standard payment terms
Mostly 21 or 28 days rolling DD.
A number of nett monthly and a few 60 days
Were there any changes to the standard payment terms in the reporting period?
Some suppliers previously on 28 days were reduced to 21 days
Were suppliers notified or consulted about these changes before they were made?
Supplier driven
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Dealt with on a case by case basis
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.
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