THE NUANCE GROUP (UK) LIMITED
Company Information
- Company Number
- 01131604
- Registered Address
- 5 New Square, Bedfont Lakes, Feltham, Middlesex, England, TW14 8HA
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://dufry.com
- Company Type
- Private limited Company
- Incorporated On
- 29 August 1973
- Nature of Business
- 47190 - Other retail sale in non-specialised stores
- Industries
- Supply Chain
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 44 | 32% | 52% | 16% | 63% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Goods not for resale – Invoices are paid weekly on 30 days payment terms, limited exceptions to the terms do exist primarily for landlords and utility companies. Goods for resale – Our payment terms are variable and are dependent on agreements with a given supplier. Payment terms average out at around 45 days, across this category of supplier. Validated and due invoices will be paid in the payment run that occurs closest to these agreement timeframes. Payment runs are processed weekly with a value date of the Friday.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
Invoice queries are in the main the responsibility of the Accounts Payable team, other departments involved are Logistics who will advise the supplier of discrepancies at the point of delivery, this is likely to result in a credit or debit note being provided, the goods not for resale will be resolved by the Accounts Payable team in conjunction with the local stakeholders . In the first instance direct verbal or e-mail communication by the Accounts Payable team with the supplier’s finance function is the usual method of resolving disputes. If it is not possible to resolve by this method, the issue is escalated to the buyer, and they then take ownership of the dispute. The Company maintains an electronic purchase invoice query log; this is generated weekly and is distributed by e-mail to all relevant parties within our business, key metrics included are dispute type; price or quantity, also the days an invoice is overdue.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
❌
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
THE NUANCE GROUP (UK) LIMITED is a leading provider of airport and travel retail services in the United Kingdom. They operate duty-free and duty-paid shops, as well as food and beverage outlets, in many major airports across the country.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include using energy-efficient lighting and appliances, recycling waste materials, and promoting sustainable products in their stores.
Their product range includes a variety of luxury and premium brands, as well as travel essentials such as books, magazines, and snacks. They also offer exclusive products and promotions, making their stores a popular shopping destination for travelers.
The key people at THE NUANCE GROUP (UK) LIMITED include their CEO, Mr. Timo Salzsieder, and their Director of Operations, Ms. Anna Gundesen. They are supported by a dedicated team of employees who ensure the smooth operation of their stores.
For more information on their products and services, customers can visit their website at www.nuance.co.uk. The registered office address for the company is 15 Grosvenor Place, London, SW1X 7HH. With their commitment to sustainability and high-quality products, THE NUANCE GROUP (UK) LIMITED continues to be a leader in the airport and travel retail industry in the UK.
