KAZ MINERALS SALES LIMITED
Company Information
- Company Number
- 06322809
- Registered Address
- 7th Floor, 83 Victoria Street, London, SW1H 0HW
- Status
- Active
- Employee Count
- 0
- Turnover
- £2,921,125,000
- EBITDA
- £143,784,000
Additional Details
- Website
- https://kazminerals.com
- Company Type
- Private limited Company
- Incorporated On
- 24 July 2007
- Nature of Business
- 46720 - Wholesale of metals and metal ores
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time to pay for KAZ MINERALS SALES LIMITED has fluctuated over the past three periods, with an initial decrease from 2018 to 2019, followed by an increase in 2020 and a slight decrease in 2021. However, there has been a significant increase in 2022 and 2023, with the average time to pay reaching its highest point of 64 days.
Volatility Analysis
The volatility of KAZ MINERALS SALES LIMITED's payment times has been relatively low, with only a 50% increase from the lowest to highest point in the past three periods.
Summary Analysis
Between 2018 and 2023, KAZ MINERALS SALES LIMITED has seen a fluctuation in the average time to pay, with an initial decrease followed by an increase in recent years. However, the company has maintained a high percentage of invoices paid within 30 days, with a peak of 86% in 2022. The company's worst period for late payments was in 2022, where 86% of invoices were paid later than 60 days.
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 | 30 Jan 2024 | 59 | 17% | 42% | 41% | 42% |
| 01 Jan 2023 - 30 Jun 2023 | 18 Jul 2023 | 43 | 45% | 22% | 33% | 33% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 64 | 0% | 14% | 86% | 86% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 42 | 40% | 40% | 20% | 40% |
| 01 Jul 2021 - 31 Dec 2021 | 13 Jan 2022 | 40 | 43% | 29% | 28% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 09 Jul 2021 | 18 | 78% | 22% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 29 | 55% | 45% | 0% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | 26 | 55% | 45% | 0% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 41 | 20% | 60% | 20% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 32 | 45% | 55% | 0% | 36% |
| 01 Dec 2018 - 31 Dec 2018 | 11 Jan 2019 | 22 | 77% | 23% | 0% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 14 | 86% | 14% | 0% | 0% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard terms for the qualifying contracts are 30 business days (so approximately 38 calendar days, depending on weekends and public holidays).
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
The qualifying contracts are all inter-company so any dispute would be resolved between the respective managers. Any residual issues would be escalated to the Chief Financial Officer.
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
Company Summary
KAZ MINERALS SALES LIMITED is a global copper company that focuses on the exploration, mining, processing, and sale of copper and other base metals. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote responsible mining practices.
Their sustainability program includes reducing greenhouse gas emissions, promoting energy efficiency, and implementing water management strategies. They also prioritize the health and safety of their employees and the communities they operate in.
KAZ MINERALS SALES LIMITED offers a range of products and services, including copper cathodes, copper concentrate, and zinc concentrate. They have operations in Kazakhstan, Russia, and Kyrgyzstan, and their products are sold globally.
The key people at KAZ MINERALS SALES LIMITED include the CEO, Andrew Southam, and the Chairman, Oleg Novachuk. The company has a team of experienced and skilled professionals who are dedicated to delivering high-quality products and services.
For more information, their website address is www.kazminerals.com. Their registered office address is 6th Floor, Cardinal Place, 100 Victoria Street, London, SW1E 5JL, United Kingdom. KAZ MINERALS SALES LIMITED is committed to sustainable practices and strives to be a responsible and ethical company in the mining industry.
