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Creditors

Sub Contractors

Sub Contractors

Sub-contractors are paid as per the arrangements made when securing the load.

eg If the terms are 21 days from POD, then that is the day payment is made.

No excuses, no story, no stalling – if the PODs are in order, that invoice is paid 21 days from POD.

Simple.

Overview backyard

Mechanical

Workshops attending to any breakdowns or emergency repairs for any vehicle running under the Kings banner know that payment is immediate.

An invoice is faxed and proof of payment is faxed back almost immediately.

Yes, that is right – payment is made within the hour of receiving the invoice.

Truck loading at warehouse

Regular Creditors

Regular creditors – ie those that Kings deal with on a regular basis are paid within 7 days of receiving the statement.

That is, a statement received on 30th June is paid by the 7th of July.

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