KURT GEIGER LIMITED

Kurt Geiger Limited’s standard payment period is 60-days from the reference date and subject to a standard payment cycle. The reference date will vary depending on the nature of the underlying supply of goods and the contractual arrangements regarding delivery of those goods or services. The broad categories relate to provision of goods and services which are due from invoice date in the absence of a separate payment cycle agreed in the underlying contract (for example such as rent), or goods manufactured for re-sale.
The reference point for the provision of goods manufactured for re-sale is based on the underlying agreement with the supplier which can vary from receipt of goods at a specified destination, to a consignment arrangement, whereby the amount due is linked to resale value over the course of a season, following which payment becomes due.
A settlement discount is typically agreed in respect of the provision of goods for resale.
Delays to settlement can occur in certain circumstances such as, invoice discrepancies, or delivery related matters.

Payment disputes raised by suppliers are directed either to the person/department responsible for the purchase or the Accounts payable team. The aim is to resolve all queries as quickly as possible. Where there are disputes on quantity or quality of the products ordered, the supplier will be informed as soon as Kurt Geiger accounts payable team is made aware of the issue.