KISIMUL GROUP LIMITED
Company number: 03630117
Reporting period:
1 January 2020 to 28 June 2020
Report filed on:
3 August 2020
Approved by:
Chris McSharry
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 19%
- in 61 days or more: 1%
Late and disputed:
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
94 days
Standard payment terms
We always pay within the supplier's required times. This ranges from immediate payment to quarterly payments (utilities etc). All supplier invoices for standard services are paid within their required terms - regardless of who the supplier is.
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
94 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Suppliers are contacted and a full dialogue is entered into. Our aim is to ensure clearance for all payments within the supplier's terms.
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.
Yes
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