Ranked in 4 industries
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KOOLTECH LIMITED exhibits a strong trend towards very extended payment cycles, with an average payment time of 62 days. A dominant 87% of payments consistently exceed 60 days, indicating a deeply embedded pattern of prolonged payment terms rather than occasional delays. Only a negligible 3% of invoices are settled within 30 days, reinforcing this trajectory of slow payment behavior.
The payment reliability of KOOLTECH LIMITED is low, characterized by a significant 87% of payments taking over 60 days. This pattern, coupled with a 21% late payment rate, indicates high unpredictability regarding when an invoice will be settled. Suppliers face substantial risk of consistent and significant payment delays, making accurate cash flow forecasting challenging.
Given the average 62-day payment cycle and 87% of payments exceeding 60 days, supplying KOOLTECH LIMITED presents a high payment risk under standard terms. Suppliers should anticipate substantial delays and potential working capital strain due to the company's established payment behavior. Mitigation strategies, such as requiring upfront deposits, negotiating shorter specific payment terms, or factoring invoices, are strongly recommended.
| 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 Aug 2025 - 31 Jan 2026 | 26 Feb 2026 | 64 | 5% | 17% | 78% | 22% |
| 01 Feb 2025 - 31 Jul 2025 | 27 Aug 2025 | 62 | 3% | 10% | 87% | 21% |
| 01 Aug 2024 - 31 Jan 2025 | 26 Feb 2025 | 63 | 6% | 22% | 72% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Kooltech does not have standard payment terms. Specific payment terms are agreed with each supplier. Kooltech does not change payment terms without the prior agreement of its suppliers.
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
Invoice disputes are managed by the Accounts Payable team - contact details below. A monthly report of disputed invoices is available to suppliers, please contact the Accounts Payable team to receive this report. Accounts Payable contact details: - Telephone 0345 034 4180
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
Kooltech Limited trades as K-con and is based in Hillington Park, Glasgow. Established in 1979, the company is one of the UK's largest independently owned distributors of air conditioning and refrigeration equipment and has been the exclusive UK distributor of Mitsubishi Electric's air conditioning range since 1994. It also designs and manufactures its own bespoke K-con products, such as environmental controls and refrigerant detection sensors, which enhance Mitsubishi Electric systems, at a purpose-built facility in Glasgow. The company supports customers through design, specification, delivery, installation and commissioning of these systems for buildings nationwide, working with project and design teams from initial specification through to final commissioning.
Generated from the company's website and Companies House records. Sources: k-con.co.uk · k-con.co.uk · k-con.co.uk