| 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 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 50 | 22% | 43% | 34% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Jan 2021 | 49 | 23% | 47% | 31% | 22% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 53 | 19% | 41% | 40% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jul 2020 | 50 | 23% | 44% | 33% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 51 | 21% | 42% | 37% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 58 | 21% | 44% | 35% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 02 Aug 2018 | 51 | 21% | 42% | 37% | 25% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
Nifco UK Limited is a manufacturing company based in Eaglescliffe, Stockton-on-Tees, previously registered under the names Elta Plastics Limited and Futuretense Limited. Companies House records its nature of business as the manufacture of other plastic products and the manufacture of other parts and accessories for motor vehicles. This indicates the company produces plastic components used as parts within vehicle manufacturing supply chains, rather than finished consumer goods. The company remains an active private limited company, incorporated in 1978. No further detail on specific product lines, customers or trading scale is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk