The average time taken for KONICA MINOLTA BUSINESS SOLUTIONS (UK) LIMITED to pay invoices has fluctuated over the past three periods, with a decrease in the latest period compared to the previous two periods.
The average time taken for KONICA MINOLTA BUSINESS SOLUTIONS (UK) LIMITED to pay invoices has shown moderate volatility over the past three periods.
| 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 Oct 2020 - 31 Mar 2021 | 13 May 2021 | 34 | 74% | 15% | 11% | 22% |
| 01 Apr 2020 - 30 Sept 2020 | 23 Dec 2020 | 33 | 67% | 17% | 16% | 25% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 26 | 81% | 11% | 8% | 17% |
| 01 Apr 2019 - 30 Sept 2019 | 20 Dec 2019 | 20 | 89% | 6% | 5% | 11% |
| 01 Oct 2018 - 31 Mar 2019 | 20 Dec 2019 | 24 | 82% | 10% | 8% | 17% |
| 01 Apr 2018 - 30 Sept 2018 | 18 Dec 2018 | 26 | 77% | 14% | 9% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our Standard Payment Terms are 30 Days
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
45
At Konica Minolta we always ensure to work closely with our suppliers so that we can resolve disputes and complaints promptly. We log all queries raised internally and track each query throughout the entire query process to ensure we deliver a high level of customer service. We have a dedicated Accounts Payable email account that Suppliers can log any issues or we are happy to take any queries over telephone. We aim to respond to all queries within 48 hours and will escalate the query accordingly depending on the complexity.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Konica Minolta Business Solutions (UK) Limited is the UK operating subsidiary of the Konica Minolta group, based in Basildon and incorporated in 1973. It supplies and supports IT services and systems, multifunctional office devices, and professional printing solutions, alongside information management, digital office and intelligent video offerings. The company operates a customer portal for device servicing, consumables and meter readings, and provides fixed-fee print plans bundling hardware, consumables and service. It also engages with partners through a dedicated programme and showcases print and imaging technology through its Client Engagement Centre. Its parent group additionally manufactures printing presses, textile printers and planetarium equipment, though these activities relate to the wider group rather than this UK entity alone.
Generated from the company's website and Companies House records. Sources: konicaminolta.co.uk · konicaminolta.co.uk