| 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 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 42 | 50% | 37% | 13% | 73% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company’s standard terms and conditions of purchase provide that payment will be due within the terms of the issued invoice. The most frequently agreed terms are 30 days or less.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
The company does not have a formal dispute resolution process. Any disputes or queries should be raised with the relevant company contact for that particular contract. Formal legal disputes are rare and there have been no formal legal disputes between the company and its suppliers in the reporting period.
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.
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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.
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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
G.K.N. Group Services Limited is a multinational company that specializes in providing a wide range of services to various industries, including automotive, aerospace, and defense. The company was founded in 1759 and is headquartered in Redditch, United Kingdom.
The company's sustainability program is focused on reducing its environmental impact and promoting sustainable practices. They have implemented various initiatives to reduce their carbon footprint, such as using renewable energy sources and implementing efficient waste management practices.
As a leading provider of services, G.K.N. Group Services Limited offers a diverse range of products and services. These include manufacturing and engineering services, supply chain management, logistics, and IT solutions. They also offer design and development services for automotive and aerospace industries.
The key people at G.K.N. Group Services Limited include Nigel Stein, the Chief Executive Officer, and Anne Stevens, the Non-Executive Chairman. They lead a team of experienced professionals who are committed to providing high-quality services to their clients.
For more information about their services and products, interested individuals can visit their website at www.gkn.com. The company's registered office address is GKN House, 96 Hagley Road, Edgbaston, Birmingham, B16 8LG, United Kingdom.
In summary, G.K.N. Group Services Limited is a reputable company that offers sustainable services and products to various industries. They are committed to reducing their environmental impact and have a team of experienced leaders and professionals. Their website provides more information about their services, and their registered office is located in Birmingham, UK.