Score of 83.1/100 qualifies for PaymentCheck Certification
| 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 2025 - 30 Jun 2025 | 30 Jul 2025 | 30 | 83% | 12% | 5% | 18% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 38 | 58% | 35% | 7% | 44% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 34 | 65% | 27% | 8% | 38% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 32 | 55% | 41% | 4% | 48% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 36 | 34% | 58% | 8% | 71% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 35 | 35% | 59% | 6% | 69% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 34 | 47% | 46% | 7% | 58% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 33 | 39% | 56% | 5% | 65% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 32 | 65% | 29% | 6% | 27% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 43 | 51% | 34% | 15% | 54% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 37 | 61% | 28% | 11% | 28% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 28 | 83% | 13% | 4% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 31 | 71% | 21% | 7% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 31 | 78% | 15% | 5% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 70% | 20% | 10% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms of Kia UK Limited are set out in our internal Purchasing Policy and are thirty days from date of invoice. If terms are shorter than detailed rationale will be required to support. There are some larger suppliers where payment terms are agreed at either forty five or sixty days respectively.
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
Kia UK Limited aim to deal with disputes quickly and effectively to minimise delay in payments to suppliers. The normal process would be to look at any disputes internally between Finance and the functional department. If it is unable to be resolved internally the next step would be to go to the supplier contact with the dispute. An approved Service Level Agreement of two working days time frame for escalation and response of queries to the relevant person. Once the dispute has been resolved the invoice would be released for inclusion in the next scheduled payment.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
KIA UK LIMITED is a subsidiary of the South Korean multinational automotive manufacturer, KIA Motors Corporation. The company was established in 1991 and is headquartered in Weybridge, Surrey. Their registered office address is at Walton Green, Weybridge, Surrey, KT13 8DY.
The company's sustainability program is focused on reducing their environmental impact and promoting sustainable practices. They have set ambitious goals to reduce carbon emissions, energy consumption, and waste production in their operations. KIA UK LIMITED is also committed to using sustainable materials in their vehicles and promoting eco-friendly driving practices.
KIA UK LIMITED offers a range of products and services, including passenger cars, commercial vehicles, and electric vehicles. Their popular models include the KIA Sportage, KIA Sorento, and KIA Picanto. They also provide aftersales services such as repairs, maintenance, and vehicle finance options.
The company is led by a team of experienced executives, with Paul Philpott as the President and CEO of KIA UK LIMITED. They are supported by a network of dealerships across the UK, providing customers with easy access to their products and services.
Customers can contact KIA UK LIMITED through their website (www.kia.com/uk) or by visiting their registered office address. The company also has a strong presence on social media platforms, including Facebook, Twitter, and Instagram, where customers can stay updated on their latest news and promotions.
In conclusion, KIA UK LIMITED is a reputable automotive company with a strong commitment to sustainability. They offer a diverse range of products and services, led by a capable team, and are easily accessible to customers through various channels.
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