NIPPON EXPRESS UK LIMITED
Company Details
Registration Number
01534130
Registered Address
Heathrow 360 2 Millington Road Hayes Middlesex UB3 4AZ
Company Status
Active
Employee Count
231
Turnover
£154,171,000
EBITDA
£7,409,000
Additional Information
Website
nipponexpress.co.uk/Company Type
Private limited Company
Incorporated on
11 December 1980
Nature of Business (SIC)
52290 - Other transportation support activities
Industries
Freight and haulage
Region
LondonCompany Location
Financial Overview
£16,799,944
£25,271,909
Last Reporting Period
Filed
29 Jan 2021
Period
01 Jul 2020 - 31 Dec 2020
Payment Timing
Average Time to Pay
41 days
Payment Periods
Shortest
0 days
Longest
60 days
Max Contractual
90 days
Payment Timeline
Not Paid Within Terms
13%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 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% |
Company Summary
Nippon Express (U.K.) Limited is a logistics company based in the United Kingdom
They provide a wide range of services such as freight forwarding, transportation, warehousing, and distribution
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have a sustainability program that focuses on reducing carbon emissions, promoting eco-friendly practices, and implementing green solutions in their operations
Nippon Express offers a range of products and services to cater to the needs of their clients
They have a global network that enables them to provide efficient and cost-effective solutions for international shipping, air and ocean freight, and customs clearance
They also offer specialized services such as temperature-controlled transportation and project cargo handling
The key people at Nippon Express (U.K.) Limited include the Managing Director, Mr
Takashi Sugiyama, and the Head of Operations, Ms
Yukari Kawakami
They are supported by a team of dedicated professionals who are committed to delivering high-quality services to their clients
For more information, interested parties can visit their website at www.nipponexpress.com/uk or contact their registered office at Nippon Express House, Horton Road, Colnbrook, Berkshire, SL3 0AT
Nippon Express (U.K.) Limited is a subsidiary of Nippon Express Co
Ltd, a global logistics company headquartered in Japan
Company Review
Trend Analysis
The average time for NIPPON EXPRESS (U.K.) LIMITED to pay invoices has been fluctuating over the past three periods, with a decrease in 2019 followed by an increase in 2020. However, the company has consistently paid a majority of its invoices within 30 days.
Volatility Analysis
NIPPON EXPRESS (U.K.) LIMITED has shown some volatility in their payment patterns, with a decrease in the percentage of invoices paid within 30 days in 2020 compared to the previous two periods. The percentage of invoices paid between 31 and 60 days has also been fluctuating, while the percentage of invoices paid later than 60 days has remained relatively stable.
Summary Analysis
From the data provided, NIPPON EXPRESS (U.K.) LIMITED has an average time of 49 days to pay invoices, with a majority (51%) paid between 31 and 60 days. However, the company has consistently improved in paying invoices within the agreed terms, with the percentage of invoices not paid within agreed terms decreasing from 24% in 2018 to 13% in 2020.
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 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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Dispute Resolution Process
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.
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?
❌
