KRS FINANCE LTD maintains an average payment time of 29 days, placing it just within standard 30-day terms and suggesting a generally acceptable payment cycle. However, the 35% late payment rate indicates that nearly one in three invoices misses agreed deadlines, which undermines the otherwise reasonable average. The concentration of 78% of payments within 30 days suggests a core of timely settlements, but the remaining 22% spread across 31–60 days (17%) and beyond 60 days (5%) points to an inconsistent tail of delayed transactions.
The 35% late payment rate introduces meaningful unpredictability, making cash flow forecasting unreliable for suppliers dependent on consistent settlement schedules. The 5% of payments exceeding 60 days, while a relatively small proportion, represents a material risk of significant delays that could strain supplier liquidity. Overall, the payment behaviour profile shows moderate-to-high volatility, with a reliable majority offset by a sizeable minority of problematic transactions.
KRS FINANCE LTD presents a moderate credit risk; acceptable for continued supply relationships but warranting structured risk controls given the 35% late payment incidence. Suppliers should consider implementing shorter payment terms (e.g., 14–21 days) to absorb expected delays and still achieve timely settlement, or apply late payment penalties to incentivise compliance. Credit limits should be set conservatively, and account monitoring should be maintained to detect any deterioration in the current payment pattern.
| 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 | 29 | 78% | 17% | 5% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are Net 30 days from invoice date and the maximum payment terms are Net 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
Where payment disputes arise, suppliers should raise these with their business relationship manager and by emailing: Invoice.finance@krgroup.co.uk.
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
KRS Finance Ltd is a private limited company operating within the financial services sector. The business is registered and active in the United Kingdom, providing finance-related services to its client base.
The company was incorporated on 16 November 2005 and holds company registration number 05624979 at Companies House. KRS Finance Ltd is based in the North West of England, with its registered office located at Baines House, Midgery Court, Pittman Way, Fulwood, Preston, PR2 9ZH.
Finance companies of this type operating in the UK market typically offer services such as financial planning, lending solutions, credit brokerage, or related advisory services to individual or business clients. Such organisations operate within the framework of UK financial regulation, serving the needs of customers across their regional and national markets.
With over 19 years of continuous operation since its incorporation, KRS Finance Ltd represents an established presence within the North West financial services landscape.