The average time taken for ZND (UK) LIMITED to pay invoices has been fluctuating over the past three periods. It decreased from 58 days in Nov 2017 to Apr 2018 to 56 days in Nov 2018 to Apr 2019. However, there was a slight increase in the average time taken from 56 days in May 2018 to Oct 2018 to 62 days in Nov 2018 to Apr 2019.
The volatility in the percentage of invoices paid within 30 days has been relatively stable, with a decrease from 23% in Nov 2017 to Apr 2018 to 21% in May 2018 to Oct 2018, before increasing back to 23% in Nov 2018 to Apr 2019. However, there has been a significant increase in the percentage of invoices paid between 31 and 60 days, from 26% in Nov 2017 to Apr 2018 to 24% in Nov 2018 to Apr 2019. The volatility in the percentage of invoices paid later than 60 days has been high, with an increase from 53% in Nov 2017 to Apr 2018 to 62% in May 2018 to Oct 2018, before decreasing back to 53% in Nov 2018 to Apr 2019.
On average, ZND (UK) LIMITED takes 56 days to pay invoices to suppliers. The percentage of invoices paid within 30 days has slightly decreased from 23% in Nov 2017 to Apr 2018 to 21% in May 2018 to Oct 2018, before increasing back to 23% in Nov 2018 to Apr 2019. However, the percentage of invoices paid between 31 and 60 days has decreased from 26% in Nov 2017 to Apr 2018 to 24% in Nov 2018 to Apr 2019. The percentage of invoices paid later than 60 days has been high, with a peak of 62% in May 2018 to Oct 2018. The shortest (or only) standard payment period for ZND (UK) LIMITED is 60 days.
| 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 Nov 2018 - 30 Apr 2019 | 23 Sept 2019 | 56 | 23% | 24% | 53% | 27% |
| 01 May 2018 - 31 Oct 2018 | 08 Jan 2019 | 62 | 17% | 21% | 62% | 26% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 58 | 21% | 26% | 53% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days end of month
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
A complaint or issue will be raised by the accounts department.
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
ZND (UK) Limited is a private limited company registered in Rotherham, South Yorkshire, active since 1997 under the name Keelex 227 Limited before adopting its current name in early 1998. Its registered business activity is the manufacture of metal structures and parts of structures. Companies House records show its officers include both British and Dutch nationals, suggesting links to an overseas parent or associated business. No further descriptive detail about specific products, customers or markets served is available from the evidence supplied, limiting the summary to its registered classification and corporate history.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk