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    Knights Brown is committed to paying its supply chain partners on time and within agreed payment terms. It is our aim to meet the Prompt Payment Code’s target of not less than 95% of all supply chain invoices being paid within 60 days.

    Action plan for improvement

    Our current payment performance is 86% of all supply chain invoices within 60 days and 71% of all invoices within terms. The primary causes of failure to pay within 60 days and/or within terms remain the same:

    Primary cause

    Impacts on ability to pay within 60 days

    Impacts on ability to pay within terms


    A number of suppliers have agreed payment terms that can exceed 60 days




    There is a high frequency of invoice queries





    We have implemented a number of improvements that have helped us achieve a consistently high percentage of payments on time. We are currently working on a business systems review project, which we hope will enable us to achieve the last few percentage points of improvement:


    Planned action Responsible Impacts on ability to pay within 60 days Impacts on ability to pay within terms
    Systems review to identify potential process changes around order management and goods received notices. IT Yes Yes


    Progress on these actions is reviewed regularly by the finance director and payment performance statistics are reported to the board of directors each month.


    Philip Crozier | Finance Director | September 2023