Industry ranking
The average time taken for KELTBRAY ENVIRONMENTAL LTD to pay invoices has fluctuated over the past three periods. It increased from 64 days in Nov 2017 - Apr 2018 to 65 days in Nov 2018 - Apr 2019, then decreased to 55 days in Nov 2019 - Apr 2020, before increasing again to 64 days in Nov 2020 - Apr 2021.
The company's percentage of invoices paid within 30 days has varied significantly, ranging from 3% in Nov 2018 - Apr 2019 to 34% in May 2020 - Oct 2020. Additionally, the percentage of invoices paid later than 60 days has also fluctuated greatly, reaching a high of 63% in Nov 2019 - Apr 2020 and a low of 32% in Nov 2020 - Apr 2021.
In the past three periods, KELTBRAY ENVIRONMENTAL LTD has shown a slight increase in their average time taken to pay invoices, from 50 days in Nov 2018 - Apr 2019 to 64 days in Nov 2020 - Apr 2021. However, there has been improvement in the percentage of invoices paid within 30 days, with an increase from 3% in Nov 2018 - Apr 2019 to 24% in Nov 2020 - Apr 2021. There has also been a decrease in the percentage of invoices paid later than 60 days, from 56% in Nov 2018 - Apr 2019 to 32% in Nov 2020 - Apr 2021.
| 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 Nov 2020 - 30 Apr 2021 | 31 May 2021 | 50 | 24% | 44% | 32% | 14% |
| 01 May 2020 - 31 Oct 2020 | 30 Nov 2020 | 44 | 34% | 25% | 41% | 14% |
| 01 Nov 2019 - 30 Apr 2020 | 30 May 2020 | 64 | 4% | 34% | 63% | 24% |
| 01 May 2019 - 31 Oct 2019 | 30 Nov 2019 | 55 | 6% | 59% | 35% | 10% |
| 01 Nov 2018 - 30 Apr 2019 | 16 Jun 2019 | 65 | 3% | 41% | 56% | 16% |
| 01 May 2018 - 31 Oct 2018 | 30 Nov 2018 | 50 | 13% | 65% | 22% | 6% |
| 01 Nov 2017 - 30 Apr 2018 | 05 Jun 2018 | 64 | 4% | 41% | 55% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Key and preferred suppliers sign to 45 days from end of month. For smaller businesses and ad hoc suppliers we have flexibility to pay to shorter agreed terms
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
75
Disputes in relation to payments are initiated with the purchase ledger department and our procurement department whom governs the payment process. Where Payments are withheld for any reason this is discussed with the supplier in the first instance. If an agreement cannot be made this is then escalated to the Financial Director whom will discuss with their opposite number whether an agreement can be reached. During the period there has been no withheld payments that have gone beyond this point.
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
KELTBRAY ENVIRONMENTAL LTD is an active private limited company, incorporated on 14 April 2008, based in the South East region. Registered business activity: Treatment and disposal of non-hazardous waste.
From Companies House records.