NIFCO UK LIMITED
Company Information
- Company Number
- 01392769
- Registered Address
- Nifco Uk Ltd, Nifco House Durham Lane, Eaglescliffe, Stockton-On-Tees, Cleveland, TS16 0PS
- Status
- Active
- Employee Count
- 404
- Turnover
- £44,289,000
- EBITDA
- £3,276,000
Additional Details
- Website
- https://www.nifcoeu.com/
- Company Type
- Private limited Company
- Incorporated On
- 6 October 1978
- Nature of Business
- 22290 - Manufacture of other plastic products
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- North East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jul 2024 - 31 Dec 2024 | 03 Sept 2025 | 55 | 18% | 39% | 43% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 03 Sept 2025 | 55 | 20% | 39% | 41% | 21% |
| 01 Jun 2023 - 31 Dec 2023 | 24 Apr 2024 | 55 | 18% | 38% | 44% | 19% |
| 01 Jan 2023 - 01 Jun 2023 | 24 Apr 2024 | 54 | 21% | 42% | 36% | 25% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 50 | 22% | 46% | 32% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 24 Jan 2023 | 51 | 21% | 47% | 32% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 16 Feb 2022 | 49 | 24% | 43% | 33% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Jan 2021 | 49 | 23% | 47% | 31% | 22% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 51 | 21% | 42% | 37% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 02 Aug 2018 | 51 | 21% | 42% | 37% | 25% |
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
Standard payment terms as per our terms and conditions of trade are 60 days end of month.
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
60
Dispute Resolution Process
Any Payment disputes which arise from pricing or quantity differences are dealt with via our internal resolution process to identify the cause of the issue, this would involve the purchasing team and the warehousing team where appropriate, this would then be communicated back to the supplier concerned and resolved accordingly. Any disputes over quality of supply would be dealt with either by the purchasing team or the person responsible for procuring the goods or services directly with the supplier. In the event of disputes which cannot be resolved using or normal resolution process, or if we find ourselves at an impasse with the supplier, these disputes will be escalated through the business to the appropriate level for agreement & resolution between the two parties. Other payment information
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.
❌
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
NIFCO UK LIMITED is a leading manufacturer of plastic automotive parts and components, with a strong focus on sustainability. The company was established in 1967 and is headquartered in Stockton-on-Tees, England.
Their main activities include designing, developing, and manufacturing plastic components for the automotive industry. They supply to major car manufacturers such as Toyota, Honda, and Nissan. NIFCO UK LIMITED has a strong commitment to sustainability, with a dedicated sustainability program in place. This includes reducing their carbon footprint, using eco-friendly materials in their production processes, and implementing efficient waste management practices.
Their products are used in various automotive parts such as interior and exterior trims, electronic components, and engine components. NIFCO UK LIMITED also offers custom design and engineering services to meet specific customer requirements.
The key people at NIFCO UK LIMITED include Managing Director Mike Matthews, Commercial Director Neil McDonnell, and Operations Director Mick Stobbs. They have a team of highly skilled engineers and technicians who work towards providing high-quality products and services to their customers.
NIFCO UK LIMITED can be contacted through their website, www.nifcoeu.com, or at their registered office address: NIFCO UK LIMITED, Durham Lane, Eaglescliffe, Stockton-on-Tees, TS16 0PS, United Kingdom. Their website also provides detailed information about their products, services, and sustainability initiatives. Overall, NIFCO UK LIMITED is a reputable and sustainable company that continues to innovate and provide top-quality products to the automotive industry.
