NIPPON GOHSEI UK LTD.
Company number: 04181436
Reporting period:
1 April 2020 to
30 September 2020
This report was filed on 2 October 2020
and approved by Peter des Forges
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 18%
- in 31 to 60 days: 65%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 88%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
30 days after the date of invoices. Payment runs made twice monthly.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Firstly NUK would contact and notify them of the dispute. Until a solution is agreed, the invoice would be placed on hold.
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, 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