KITE PACKAGING LIMITED
Company Information
- Company Number
- 04680835
- Registered Address
- Puma Park, 102-106 Scimitar Way, Coventry, England, CV3 4GB
- Status
- Active
- Employee Count
- 391.0
- Turnover
- 149765000.0
- EBITDA
- 28384000.0
Additional Details
- Website
- https://packwithkite.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 27 February 2003
- Nature of Business
- 82920 - Packaging activities
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 2023 - 31 Dec 2023 | 31 Jan 2024 | 55 | 24% | 28% | 48% | 74% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 54 | 22% | 34% | 44% | 74% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 51 | 27% | 31% | 42% | 76% |
| 01 Jan 2022 - 30 Jun 2022 | 30 Jul 2022 | 54 | 21% | 32% | 47% | 72% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 55 | 18% | 32% | 50% | 77% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 59 | 15% | 33% | 52% | 80% |
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 58 | 17% | 31% | 52% | 77% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 59 | 15% | 31% | 54% | 77% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 59 | 16% | 32% | 52% | 78% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 62 | 13% | 28% | 59% | 82% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 60 | 15% | 26% | 59% | 84% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 56 | 17% | 30% | 53% | 83% |
Company Summary
Kite Packaging Limited is a leading UK-based packaging company that specializes in providing innovative and sustainable packaging solutions for businesses of all sizes
They have been in operation for over 20 years and have established a strong reputation for their high-quality products, excellent customer service, and commitment to sustainability
The company offers a wide range of packaging products, including cardboard boxes, bubble wrap, tapes, and mailing bags, to name a few
They also provide customized packaging solutions to meet the specific needs and requirements of their clients
All of their products are made from environmentally friendly materials and can be recycled, ensuring minimal impact on the environment
Kite Packaging Limited is dedicated to promoting sustainable packaging practices and has implemented a comprehensive sustainability program
This includes reducing their carbon footprint, using renewable energy sources, and actively promoting recycling and waste reduction
They also work closely with their suppliers to ensure ethical and sustainable sourcing of materials
The key people behind the success of Kite Packaging Limited are the founder and managing director, Bruce McInnes, and the operations director, Mark Bradshaw
They have a team of experienced and knowledgeable staff who are committed to providing excellent customer service and delivering high-quality products
To contact Kite Packaging Limited, customers can visit their website at www.kitepackaging.co.uk, where they can browse their products and place orders online
They also have a registered office address at Kite Packaging Limited, 10-16 Tiller Road, London, E14 8PX
In conclusion, Kite Packaging Limited is a leading packaging company in the UK, known for its sustainable practices and commitment to providing high-quality products and services
With a strong focus on sustainability and a dedicated team, they continue to be a top choice for businesses in need of packaging solutions
Company Review
Trend Analysis
The trend for KITE PACKAGING LIMITED's average time to pay invoices has been relatively steady over the past three years, with a slight increase in 2021 compared to the previous two years.
Volatility Analysis
The volatility in KITE PACKAGING LIMITED's average time to pay invoices has been fairly consistent, with only small fluctuations between periods.
Summary Analysis
Looking at the data, there has been a slight improvement in the percentage of invoices paid within 30 days in 2021 compared to the previous two years. However, there has also been an increase in the percentage of invoices paid later than 60 days in 2021, which could indicate potential issues with paying suppliers on time.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
60 Days from end of invoicing month
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Kite Packaging enjoys long-term relationships with many international, national and local suppliers from sole traders to Plc’s. Our standard terms are E60 or E90 but we accommodate many different terms, especially small businesses and service providers, whose needs we can understand and accommodate. By prior agreement, we also pay some suppliers early, attracting an early settlement discount. We endeavor to process invoices and resolve problems quickly and efficiently, a fact which is perhaps at odds with the statistics shown i.e. 74% of invoices being paid late. This is due to the timing of our payment runs which are generated just before each month end with funds arriving with suppliers 3 days later. The majority of these invoices, whilst late, are paid within 5 days of the due date.
Maximum contractual payment period agreed
90
Dispute Resolution Process
https://www.kitepackaging.co.uk/scp/help-and-guides/supplier-payment-and-dispute-resolution-guide/
Other Payment Information
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
