EP KILROOT LIMITED

Company number: NI026039

Reporting period:
1 January 2019 to 30 June 2019

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

This report was filed on 30 July 2019

and approved by Tarloke Bains

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

within 30 days: 70%
in 31 to 60 days: 25%
in 61 days or more: 5%

Invoices due but not paid within agreed terms: 19%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Standard payment terms are typically 30 days, however this could vary on a contract basis .

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

Any other information about payment terms

Dispute resolution process

As we have internal procedures and checks every dispute is followed by the necessary tracking of our internal processes and reasons. If the mistake is in our plate we try to find a way to avoid it in future. If the mistake is in supplier, he has to correct himself. There is intensive communication with all involved parties through the whole process.

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.

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?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

Yes