GOV.UK
NATURE DELIVERED LIMITED
Company number: 06402199
Reporting period:
1 July 2021
to 31 December 2021
This report was filed on 31 January 2022
and approved by Liam Varenkesh
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 29%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 38 %
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.
Within the reporting period, Nature Delivered implemented a new accounting system which caused some delays in processing and paying invoices. This would have impacted results for this period. However, with the new system firmly in place, this will help us streamline our payment practices.
Dispute resolution process
Nature Delivered aims to resolve any dispute within a timely manner by communicating and working through statement of accounts with all customers and suppliers.
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.
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