| 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 | 16 Jan 2020 | 54 | 7% | 63% | 29% | 95% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Jan 2020 | 50 | 6% | 64% | 30% | 95% |
| 01 Jul 2018 - 31 Dec 2018 | 16 Jan 2020 | 53 | 7% | 67% | 27% | 94% |
| 01 Jan 2018 - 30 Jun 2018 | 03 Aug 2018 | 62 | 5% | 55% | 40% | 98% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of supplier contracts have 30 day payment terms unless specifically negotiated to be over a longer period, usually due to size of business.
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
90
Disputes are originally made to the Accounts Payable department and if not resolved at the first instance are escalated to the Accounting Manager. Complaints or concerns are dealt with within the week and payment made on the next available payment run. For exceptional circumstances a same day bank transfer can be made.
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
K K Fine Foods Limited is a company registered in England and Wales, incorporated in 1986 and based in Deeside, Flintshire. According to its registered business classification, the company manufactures food products not elsewhere classified and also operates in the non-specialised wholesale of food, beverages and tobacco. Industry tagging associated with the company links it to food and drink processing and to ready meals and meal kits. No further first-party website or search-result evidence was available to confirm specific products, brands or customers, so this summary relies solely on the structured company record.
Generated from the company's website and Companies House records.