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NATURE DELIVERED LIMITED

Company number: 06402199

Reporting period:
1 September 2018 to 28 February 2019


Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 3 April 2019

and approved by Andy Gibbs

Payment statistics

Average time taken to pay invoices: 47 days

Invoices paid:

Invoices due but not paid within agreed terms: 47 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

60 days

Standard payment terms

Nature Delivered Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of negotiations. The most common payment terms of invoices paid in the period is 30 - 60 days.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Nature Delivered Limited has a number of suppliers that are paid on a 60 days end of month basis. Therefore payments made could be greater than 60 days from the invoice date.

Any other information about payment terms

Nature Delivered Limited seeks to pay all suppliers within agreed terms and on time subject to receiving the invoice and accurate supporting information in a timely manner.

Dispute resolution process

Disputes are resolved through discussion and negotiation between the relevant parties, depending on the nature of the dispute. Typically disputes are handled by accounts payable and supply chain. The timescale on resolution varies.

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

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