| 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 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 36 | 53% | 39% | 8% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 36 | 52% | 40% | 8% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | 36 | 56% | 37% | 7% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 35 | 53% | 40% | 7% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 35 | 53% | 41% | 6% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 34 | 52% | 38% | 10% | 21% |
| 01 Jun 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 47% | 43% | 11% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days month following 90 days date of invoice
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 there is a dispute on the content of the invoice, the purchasing department or buyer will inform the supplier about the dispute and seek to gain a resolution. Once agreed, a credit note will need to be issued for the partial or full amount of the invoice. The original invoice will be paid after deduction of the credit note. If there is a dispute with regards to the legal or tax compliance of an invoice, the accounts payable department will notify the supplier and request a correction. This can be a credit note and a new invoice depending on the nature of the issue or concern.
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
IKO PLC is a leading manufacturer and supplier of sustainable roofing and waterproofing solutions in the United Kingdom. The company has been in operation since 1911 and is headquartered in Wigan, Greater Manchester.
The main activities of IKO PLC involve the production and distribution of roofing and waterproofing products for both residential and commercial use. The company offers a wide range of sustainable solutions, including green roofs, solar panels, and insulation systems. In addition, IKO PLC also provides training and technical support to its customers to ensure the proper installation and maintenance of their products.
As a socially responsible company, IKO PLC has a strong commitment to sustainability. The company has implemented various initiatives to minimize its environmental impact, such as reducing carbon emissions, using recycled materials in their products, and supporting renewable energy sources. Their sustainability program also includes responsible waste management and conservation of natural resources.
The key people at IKO PLC include its CEO, Andy Williamson, and its chairman, David Smith. The company has a dedicated team of experts in the field of roofing and waterproofing who work tirelessly to provide high-quality products and services to their customers.
For further information, customers can visit the company's official website at www.ikogroup.co.uk. IKO PLC's registered office address is Appley Bridge, Wigan, Greater Manchester, WN6 9AB.
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