NCH (UK) LIMITED
Company number: 00816221
Reporting period:
1 November 2017 to 1 May 2018
Report filed on:
21 November 2018
Approved by:
Russell L. Price
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 36%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 38%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
90 days
Standard payment terms
The standard payment terms for NCH (UK) Ltd are net 60 days for qualifying contracts. These terms are subject to variation depending on individual negotiation with suppliers. Maximum contractual payment period is 90 days based on individual negotiation with suppliers.
Were there any changes to the standard payment terms in the reporting period?
NCH's standard payment terms have been revised to 60 days. NCH consults and agrees the revision with suppliers and where different payment terms are applied, this is a result of specific agreements between NCH and the supplier made before application.
Were suppliers notified or consulted about these changes before they were made?
NCH consults and agrees the revision with suppliers and where different payment terms are applied, this is a result of specific agreements between NCH and the supplier made before application.
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Vendors should contact our Accounts Payable department which will attempt to resolve disputed payments which in turn will refer unresolved issues to the requester of goods and service in question. Our Procurement and Finance departments provide commercial, contractual and technical support to assist in the resolution process. In the event that the dispute remains unresolved it is transferred to the NCH (UK) Ltd in-house Legal department which will consider the progression on a case by case basis.
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