| 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 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | 40 | 56% | 32% | 12% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 45 | 49% | 36% | 15% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 48 | 45% | 38% | 17% | 65% |
| 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 long-established private limited company, incorporated in 1948 and based in London. Companies House records its nature of business under SIC code 82990, other business support service activities not elsewhere classified. The company's name indicates a role providing internal administrative or support services within the wider GKN corporate group, rather than trading directly with external customers. It remains an active registered entity with a filing history stretching back several decades, including historic share capital resolutions and statutory accounts. No further detail on specific services, clients or operations is available from the supplied evidence beyond this group-support classification.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk