| 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 2020 - 30 Jun 2020 | 23 Jul 2020 | 69 | 67% | 18% | 15% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 50 | 41% | 34% | 25% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 46 | 34% | 33% | 33% | 48% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 32 | 63% | 26% | 11% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 40 | 62% | 23% | 15% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
90 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
90
Invoices that exceed an accrual are stopped for payment pending resolution (in dispute status). Relevant branch staff are responsible for contacting the supplier to resolve the dispute. Invoices are automatically released for payment on receipt of their credit note, or on acceptance of the original charge. Central finance send weekly reports of stopped invoices and actively manage the dispute resolution process with both suppliers and internal staff.
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
Kuehne+Nagel Drinkflow Logistics Limited is a UK registered company based in Northampton, incorporated in 2006. Its registered business activity is the operation of warehousing and storage facilities for land transport, indicating a role in storing and handling goods, likely including drinks distribution given its name. It forms part of the Kuehne+Nagel Group, a global logistics and supply chain business operating almost 1,300 sites across around 100 countries. While the wider group provides freight forwarding, transportation, fulfilment and supply chain management services worldwide, this entity's own registered role is specifically warehousing and storage operations supporting land transport logistics within the UK.
Generated from the company's website and Companies House records. Sources: kuehne-nagel.com · kuehne-nagel.com