NSK UK LIMITED
Company number: 02215151
Reporting period:
1 April 2026 to 30 September 2026
Report filed on:
29 October 2026
Approved by:
Mark Trivett
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 29 days
Total value paid:
- within 30 days: £101,203 (85%)
- in 31 to 60 days: £15,581 (13%)
- in 61 days or more: £2,337 (2%)
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 31%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £14,285
- payments due in the reporting period which have not been paid within the agreed period: 34%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms are 60 days, but a variety of terms have been agreed on a case-by-case basis where appropriate.
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
90 days
90 days payment period had been agreed only for couple of our supplier accounts.
Any other information about payment terms
NSK Europe, NSK UK, NSK Bearings Europe do not maintain a formal disputed invoice register. No material supplier disputes were identified during the reporting period, and therefore no payments were withheld due to invoice disputes. Consequently, the percentage of payments not made within the reporting period due to a dispute has been reported as 0%.
Dispute resolution process
Any disputes will be investigated by relevant business managers who will then agree with supplier on resolution, lastly those business managers will pass the feedback to our dedicated Accounts Payable team so that related invoice can be processed and paid accordingly
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