| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 44 | 50% | 42% | 8% | 23% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 44 | 49% | 42% | 9% | 21% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 48 | 51% | 41% | 8% | 20% |
| 01 Jun 2024 - 30 Jun 2024 | 17 Oct 2024 | 46 | 49% | 44% | 7% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 17 Oct 2024 | 47 | 44% | 49% | 7% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Oct 2024 | 50 | 42% | 47% | 11% | 22% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Oct 2024 | 50 | 42% | 45% | 13% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 17 Oct 2024 | 51 | 52% | 36% | 13% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Oct 2024 | 47 | 53% | 39% | 8% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 17 Oct 2024 | 46 | 51% | 41% | 8% | 18% |
| 01 Jul 2020 - 31 Dec 2020 | 17 Oct 2024 | 47 | 50% | 42% | 8% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Oct 2024 | 50 | 52% | 40% | 8% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 54 | 32% | 46% | 22% | 57% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 45 | 32% | 48% | 20% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 52 | 35% | 43% | 22% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
14-60 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
60
KONE has detailed its dispute resolution process in its conditions of purchase. It states: ‘20.1 - Either KONE or the Seller may request to the other that any dispute, difference or question arising between them with respect to any matter or thing arising out of a Purchase Order (a “Dispute”) be negotiated in good faith and using all reasonable efforts at a senior management meeting, wherein KONE and the Seller shall each have 2 representatives, to be held within 14 days of such request. 20.2 - Notwithstanding clause 20.1 above, if after 14 days following the senior management meeting a Dispute still exists that has not been possible to settle then such Dispute shall be referred to adjudication in accordance with the TeCSA Adjudication rules version 2. 20.3 - KONE and the Seller hereby agree to joinder of any adjudication of a Third Party Contract connected with or relevant to a Dispute. 20.4 This Purchase Order shall be governed by English Law and, the courts of England and Wales shall have exclusive jurisdiction over any dispute arising under or in connection with this Purchase Order save that any decision, judgment or award may be enforced in the courts of any jurisdiction.’
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
This registered company is part of the KONE group, a global business headquartered in Finland that designs, manufactures, installs and maintains elevators, escalators and moving walks for buildings worldwide. As the UK entity within this group, it operates within the corporate structure whose SIC classification covers manufacturing and construction holding activities. The wider KONE group describes itself as helping make people's journeys in buildings safe, convenient and reliable, offering new equipment, modernisation and ongoing maintenance services, and operates in around 70 countries with tens of thousands of employees. The UK company's registered office is in Surrey, and it remains active, forming part of KONE's international operations serving the building and construction sector rather than trading independently under its own separate offering.
Generated from the company's website and Companies House records. Sources: kone.com