GOV.UK
NESTLE UK LTD.
Company number: 00051491
Reporting period:
1 July 2020
to 31 December 2020
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 25 January 2021
and approved by Matthieu Weber
Payment statistics
Average time taken to pay invoices: 57 days
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 55%
- in 61 days or more: 27%
Invoices due but not paid within agreed terms: 12 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
60 days from the date of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
180 days
Under Nestle’s Supply Chain Finance programme, a supplier can elect for early payment of invoices, at a cost that is typically lower than traditional sources of financing.
Any other information about payment terms
N/A
Dispute resolution process
Disputes are resolved in line with our standard terms and conditions, or specific contractual terms, and governed by English law
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.
Yes
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.
Yes
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