| 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
KONE PUBLIC LIMITED COMPANY is a leading global provider of innovative solutions for the elevator and escalator industry. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact. Their products and services are designed to enhance the efficiency, safety and comfort of people's daily lives.
The company's sustainability program includes efforts to reduce energy consumption, improve waste management and promote green building practices. They also prioritize the use of sustainable materials in their products and strive to minimize their carbon footprint.
KONE offers a wide range of elevators, escalators, and automatic building doors for residential, commercial and public buildings. They also provide maintenance and modernization services to ensure the longevity and efficiency of their products.
The key people at KONE include the CEO, Henrik Ehrnrooth, and the Executive Vice President of Operations and Supply Chain, Susanne Skippari. They lead a team of over 60,000 employees worldwide who are dedicated to providing top-quality products and services to their customers.
For any inquiries or customer support, KONE can be reached through their website at www.kone.com or at their registered office address: Keilasatama 3, PO Box 7, 02150 Espoo, Finland. They also have various regional offices and service centers globally.
In conclusion, KONE PUBLIC LIMITED COMPANY is a reputable company with a strong commitment to sustainability and providing innovative solutions for the elevator and escalator industry. With a dedicated team and a wide range of products and services, they continue to be a leader in their field.
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