KINDRED (LONDON) LIMITED
Company number: 03433883
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
3 February 2025
Approved by:
Usha Ganesan
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 13%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 24%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Some suppliers require immediate payment but in general most payment terms are either 30 or 14 days. A few suppliers have have 45 or 60 days payment terms
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
60 days
N/A
Any other information about payment terms
In 2024, we were acquired by another company that reports on payment terms from actual invoice date and not invoice receipt date which was the policy of of our old Group. To be in line with our new parent reporting, numbers have been prepared using actual invoice date. We also outsourced our whole Accounts Payable team which affected the numbers provided
Dispute resolution process
Kindred (London) Ltd try to resolve all disputes and complaints in an amicable and diplomatic manner. They are addressed by the relevant department who are purchasing the goods / services with the support of the Accounts payable team where required. If this is not possible, disputes / complaints are resolved by our legal and procurement teams.
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