KINGFISHER INFORMATION TECHNOLOGY SERVICES (UK) LIMITED

Company number: 02016021

Reporting period:
1 February 2019 to 31 July 2019

This information is as reported by the business, and responses are in their own words.

This report was filed on 28 August 2019

and approved by Garry Porter

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

within 30 days: 48%
in 31 to 60 days: 46%
in 61 days or more: 6%

Invoices due but not paid within agreed terms: 10%

Payment terms

Shortest standard payment periods

21 days

Longest standard payment period

60 days

Standard payment terms

From receipt of a valid invoice: Goods not for Resale (GNFR) contracts = 60 days Small Businesses = 30 Days Intercompany Payments = 21 Days after the period end

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

The first point of contact should be with the Accounts Payable Team. Email: AccountsPayableHelpdesk@kingfisher.com Tel: 0330 678 0876 The Accounts Payable team will escalate to the either KITS Procurement or KITS Finance if there are any disputes they are unable to resolve Tel: 0330 678 0876

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.

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.

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.

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?