| 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 2018 - 31 Dec 2018 | 30 Jan 2019 | 50 | 10% | 63% | 27% | 93% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 50 | 11% | 62% | 27% | 94% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
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
Any complaint or concern will be considered by the purchase ledger department in the first instance and then any action will be authorised by the directors.
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
Kluman and Balter is a wholesale supplier of bakery ingredients, describing itself as one of the largest wholesale bakery suppliers in the UK. It supplies sweet and savoury ingredients, with over 1,500 products, to bakeries, retailers and food manufacturers, delivering nationwide from depots in Waltham Abbey and Trafford Park. Founded in 1923 as a family business, it was acquired by the Brenntag group in 2017, within which it now operates as the UK bakery ingredients distribution business. It also offers technical support and new product development through a bakery development centre. The registered company, incorporated in 1994, remains active with its registered office in Leeds.
Generated from the company's website and Companies House records. Sources: klumanandbalter.com · klumanandbalter.com · klumanandbalter.com