Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
KELTBRAY LIMITED has shown a consistent decrease in the average time taken to pay invoices over the past three periods, with a decrease of 17% from the start date of November 2017 to the end date of April 2021. There has also been a steady increase in the percentage of invoices paid within 30 days, with a peak of 54% in the most recent period.
The volatility of KELTBRAY LIMITED's payment behavior has decreased over the past three periods. The percentage of invoices paid within 30 days has remained relatively stable, while the percentage of invoices paid between 31 and 60 days has fluctuated between 37% and 44%. The most volatile aspect of their payment behavior has been the percentage of invoices paid later than 60 days, which has ranged from 8% to 43%.
| 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 Nov 2020 - 30 Apr 2021 | 31 May 2021 | 30 | 54% | 38% | 8% | 1% |
| 01 May 2020 - 31 Oct 2020 | 30 Nov 2020 | 48 | 23% | 42% | 35% | 10% |
| 01 Nov 2019 - 30 Apr 2020 | 30 May 2020 | 55 | 15% | 43% | 43% | 15% |
| 01 May 2019 - 31 Oct 2019 | 30 Nov 2019 | 45 | 29% | 44% | 27% | 9% |
| 01 Nov 2018 - 30 Apr 2019 | 16 Jun 2019 | 42 | 32% | 40% | 28% | 12% |
| 01 May 2018 - 31 Oct 2018 | 29 Nov 2018 | 43 | 34% | 43% | 23% | 8% |
| 01 Nov 2017 - 30 Apr 2018 | 01 Jun 2018 | 47 | 28% | 37% | 35% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Key and preferred suppliers sign to 45 days from end of month. For smaller businesses and ad hoc suppliers we have flexibility to pay to shorter agreed terms
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
75
Disputes in relation to payments are initiated with the purchase ledger department and our procurement department whom governs the payment process. Where Payments are withheld for any reason this is discussed with the supplier in the first instance. If an agreement cannot be made this is then escalated to the Financial Director whom will discuss with their opposite number whether an agreement can be reached. During the period there has been no withheld payments that have gone beyond this point
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
Keltbray Limited is a company registered in England, active since 1976, whose registered business activity is classified as demolition. Companies House records show the company's nature of business under SIC code 43110, demolition, with its registered office having moved from Esher to Thames Ditton, Surrey. The filing history reflects routine corporate administration, including confirmation statements, annual accounts and changes of directors and secretary, but does not itself describe operational activities or projects. Based on the available evidence, the company operates within the demolition and decommissioning field, consistent with its official industry classification, though no further detail on specific services, contracts or client sectors is confirmed by the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk