NATURE DELIVERED LIMITED
Company number: 06402199
Reporting period:
1 March 2018 to 31 August 2018
Report filed on:
1 October 2018
Approved by:
Andy Gibbs
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 35%
- in 31 to 60 days: 47%
- in 61 days or more: 18%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 53%
Payment terms
Shortest standard payment periods
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
Were suppliers notified or consulted about these changes before they were made?
N/A
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 Fair 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