GOV.UK
NUVIAS (UK & IRELAND) LIMITED
Company number: 01695813
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 17 May 2019
and approved by Julian Hodge
Payment statistics
Average time taken to pay invoices: 82 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 36%
- in 61 days or more: 45%
Invoices due but not paid within agreed terms: 100 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
The company has one supplier for the vast majority of payments - this is a company within the same group. The standard payment terms are 30 days although cash is managed within the group to the benefit of both companies and the timing of invoice payment is of limited operational importance.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
The company has one supplier for the vast majority of payments - this is a company within the same group. The standard payment terms are 30 days although cash is managed within the group to the benefit of both companies and the timing of invoice payment is of limited operational importance.
Dispute resolution process
Disputes will be handled by the Accounts Payable department working in conjunction with the Purchasing department. Depending on the reason for the dispute, the length of time to resolve will vary, but all will be dealt with as swiftly as possible.
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