NECTAR LOYALTY LIMITED
Company number: 04224736
Reporting period:
1 February 2018 to 31 July 2018
Report filed on:
23 August 2018
Approved by:
Duncan Cooper
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 19%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 68%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms for 'goods not for resale' - 30 days from invoice date. Standard payment terms for 'goods for resale (non-food)' - N/A. Standard payment terms for all other 'goods for resale (food, non-food grocery, entertainment etc.') - N/A.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
N/A
Any other information about payment terms
Supplier will be notified in writing, should there be any change to the standard payment terms.
Dispute resolution process
Disputes are resolved by negotiation involving the relevant parties.
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, 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.
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