| 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 | 12 Feb 2020 | 42 | 56% | 36% | 7% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 40 | 49% | 43% | 8% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 40 | 52% | 35% | 13% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 40 | 45% | 44% | 11% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Kostal UK Ltd. pays all its supplier in line with the agreed payment terms, using the baseline date stated on received, undisputed invoices.
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
If at any time questions, disputes or differences arise, the parties are obliged to escalate the dispute to senior representatives of the parties who shall use their reasonable endeavours to resolve the dispute in good faith. On the side of Kostal UK the highest point of escalation would be the Purchasing Exec Manager.
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
KOSTAL UK Limited is a Sheffield-registered company forming part of the KOSTAL Group, a German family-owned business operating across numerous international sites. The wider group develops automotive electrical and mechatronic products, connectors, electromobility charging systems, industrial electrics, solar inverters and related energy management technologies. Companies House records classify this UK entity under wholesale trade of motor vehicle parts and accessories, indicating its role within the group relates to distribution of automotive components rather than manufacturing itself. No further detail on the specific UK operations, staff or premises activity is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: kostal.com