There has been a slight increase in the average time taken for OLIVER KAY LIMITED to pay its invoices between the first and second periods, but this has since decreased in the third period. The percentage of invoices paid within 30 days has also increased slightly in the second period, but remained consistent in the third period. There has been a decrease in the percentage of invoices paid between 31 and 60 days in the second period, but this has since increased in the third period. The percentage of invoices paid later than 60 days has remained consistent in all three periods.
The average time taken for OLIVER KAY LIMITED to pay its invoices has fluctuated slightly in the three periods, with a decrease in the second period and an increase in the third period. The percentage of invoices paid within 30 days has also fluctuated slightly, with an increase in the second period and a slight decrease in the third period. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a decrease in the second period and an increase in the third period. The percentage of invoices paid later than 60 days has remained consistent in all three periods.
| 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 2017 - 31 Dec 2017 | 31 Jan 2018 | 37 | 31% | 68% | 1% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
All invoices are paid either on the 1st or on the 15th of the following month from the date of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
- Raise the issue with the supplier (person responsible for the purchase), - Pay the invoice when the issue is resolved; or - Request a credit note.
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
Oliver Kay Limited is registered at a Bidfood site in Southport and its Companies House record lists it as a dormant company. Evidence from the trading website for Oliver Kay describes a wholesale fresh produce supplier, established over 30 years, delivering fruit and vegetables, dairy, fish, meat and dry store ingredients daily to chefs and caterers across England, Scotland and Wales. The business is managed independently but is described as part of the BFS Group and a sister company to Bidfood, operating from a head office in Bradford plus additional distribution sites around Great Britain, using temperature-controlled vehicles and BRC-accredited storage facilities.
Generated from the company's website and Companies House records. Sources: oliverkayproduce.co.uk · oliverkayproduce.co.uk