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NEXT DISTRIBUTION LIMITED

Company number: 03045421

Reporting period:
30 July 2023 to 27 January 2024

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This information is as reported by the business, and responses are in their own words.

This report was filed on 28 February 2024

and approved by Amanda James

Payment statistics

This company stated that it entered into qualifying contracts in the reporting period, but did not make any payments.

Invoices due but not paid within agreed terms: 0 %

Payment terms

Standard payment period for qualifying contracts

7 days

Standard payment terms

Standard contractual terms for goods and services is 30 days with exception of intercompany Goods for Resale invoices which are paid between 7 to 14 day terms.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

90 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Central accounts payable phone number in place for suppliers to contact us for any matters under dispute. Calls are usually answered at the time of the call and responded to within 24 hours. Alternatively, suppliers may use email as a method of documenting their queries and these are responded to with within 7 days. Supplier emails or calls may be escalated to our management team where required.

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