| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 May 2019 - 31 Oct 2019 | 21 Jan 2020 | 22 | 80% | 17% | 3% | 4% |
| 01 Nov 2018 - 30 Apr 2019 | 24 Sept 2019 | 24 | 75% | 20% | 5% | 10% |
| 01 May 2018 - 31 Oct 2018 | 28 Jan 2019 | 29 | 70% | 22% | 8% | 19% |
| 01 Oct 2017 - 30 Apr 2018 | 31 May 2018 | 28 | 69% | 23% | 9% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days and 45 for contractors
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
45
If an invoice received is disputed due to cost or service provided, then the contact for the vendor will raise this with the vendor to try and resolve the issue. If this is not successful, then the dispute will be escalated to a more senior member of the organisation to contact the vendor. If this is still not successful it will be escalated to the legal team for review and guidance. If required, the legal team will open a formal legal dispute with the vendor. Any dispute due to incorrect details on the invoice, VAT, address etc, will be resolved by the AP team who will contact the vendor to request the invoice to be amended and re-sent. If this is not successful, then the process referenced above will be followed.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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?
No information available
Korn Ferry International Limited is a UK registered company forming part of the Korn Ferry group, a global organisational consulting firm. The wider group works with businesses on strategy, talent and organisational performance, covering areas such as board and CEO advisory services, organisation strategy, assessment and succession, talent acquisition, leadership development, total rewards and business transformation. Clients span consumer markets, financial services, government, healthcare, higher education, industrial, life sciences, private equity, sports and technology sectors. The group combines consulting expertise with data, analytics and technology platforms to advise organisations on structuring roles, hiring, motivating and developing their workforces. The UK entity operates as part of this international consulting business, registered in London under company number 00255807.
Generated from the company's website and Companies House records. Sources: kornferry.com · kornferry.com · kornferry.com