| 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 2018 - 30 Jun 2018 | 30 Jul 2018 | 56 | 9% | 68% | 23% | 86% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Kier Stoke Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 30 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
Kier Stoke Limited actively seeks to resolve disputes by discussing them with the relevant supplier(s), typically involving members of the accounts payable and credit control departments and /or the procurement and commercial teams and / or where necessary members of management. However, where it is not possible to reach agreement, a number of potential dispute resolution methods (for example, mediation, adjudication, expert determination, litigation and / or arbitration) may be used.
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
Kier Stoke Limited is a subsidiary entity within Kier Group, the UK infrastructure services, construction and property development group. Its registered SIC classification is combined facilities support activities. The wider Kier Group, of which this company forms part, employs around 10,000 people and undertakes construction, infrastructure, and property projects across the UK for central government, local authorities, and regulated and private sector clients. No separate trading description for Kier Stoke Limited itself is available in the evidence; its registered office is shared with Kier Group plc's corporate headquarters in Salford, indicating its role as part of the group's corporate structure rather than an independently operating business.
Generated from the company's website and Companies House records. Sources: kier.co.uk · kier.co.uk