NICOBRAND LIMITED
Company number: NI033276
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
1 December 2025
Approved by:
Helen Boyd
Payment statistics
Average time taken to pay invoices: 13 days
Total value paid:
- within 30 days: £4,778,119 (95%)
- in 31 to 60 days: £258,940 (5%)
- in 61 days or more: £769 (< 1%)
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 5%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
We pay invoices very promptly providing we have been provided with the goods or services and are satisfied with the quality of what we have been provided. Our payment period is anywhere between 7 and 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Payment disputes for qualifying contracts are managed by our Accounts Payable team. Suppliers can raise concerns via email to accounts@nicobrand.com. We aim to acknowledge disputes within 5 working days and resolve them within 30 days where possible. If additional investigation is required, the matter is escalated to the Director, Business Administration for review and resolution.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No