| 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 2020 - 31 Dec 2020 | 29 Jan 2021 | 41 | 28% | 59% | 13% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 48 | 21% | 58% | 21% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 46 | 23% | 56% | 21% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Jul 2019 | 47 | 25% | 56% | 19% | 19% |
| 01 Jul 2018 - 31 Dec 2018 | 04 Jan 2019 | 52 | 25% | 53% | 22% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 19 Jul 2018 | 49 | 25% | 51% | 24% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are generally 60 days. Some suppliers are paid earlier depending on specific agreement with supplier. A very small number of suppliers need immediate payment. (This is solely due to suppliers circumstances and not related to Nippon Express (UK) Ltd).
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Any query would be raised by department responsible for approving invoice. This would then be communicated to supplier to provide an explanation and determine if the charge needed to be amended.
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
Nippon Express (U.K.) Limited is a private limited company incorporated in 1980 and registered near Heathrow. Companies House records its nature of business as other transportation support activities, and it is tagged under freight and haulage. The company files group accounts, indicating it forms part of a wider corporate group rather than trading solely on its own account. No further detail on specific services offered is available from the evidence supplied. The company remains active, with regular confirmation statements and accounts filed up to 2024, and its registered office has recently changed within the Heathrow area.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk