NICE-PAK INTERNATIONAL LIMITED
Company number: 02119397
Reporting period:
1 January 2024
to 30 June 2024
This report was filed on 25 July 2024
and approved by Gary Giles
Payment statistics
Average time taken to pay invoices: 52 days
Invoices paid:
- within 30 days: 16%
- in 31 to 60 days: 48%
- in 61 days or more: 36%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
105 days
Standard payment terms
Standard terms are agreed with suppliers based on either a number of days from invoice date or a number of days from end of month both with bi-weekly payments
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
105 days
Any other information about payment terms
We have two standard payment runs a month so each invoice is paid on the nearest payment following its due date
Dispute resolution process
Via email / telephone with accounts contacts
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.
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