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The average time taken for NISBETS LIMITED to pay invoices has fluctuated over the past three periods. It decreased from 42 days in the first period to 43 days in the second period, and then increased to 58 days in the third period. However, in the most recent period, it decreased back to 47 days.
The volatility of NISBETS LIMITED's average time to pay has been relatively high, with a difference of 16 days between the shortest and longest periods. The company has shown fluctuations in their payment patterns, with the largest increase being 16 days and the largest decrease being 15 days.
NISBETS LIMITED's average time to pay has fluctuated over the past three periods, with a high volatility of 16 days. The company has shown a slight decrease in the percentage of invoices paid within 30 days, while the percentage of invoices paid between 31 and 60 days has also fluctuated. The most significant change is seen in the percentage of invoices paid later than 60 days, with a decrease from 44% in the third period to 19% in the most recent period. The percentage of invoices not paid within agreed terms has also fluctuated, with a decrease from 42% in the first period to 41% in the third period. NISBETS LIMITED's shortest (or only) standard payment period has remained at 30 days throughout all the periods.
| 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 2025 - 31 Dec 2025 | 27 Jan 2026 | 46 | 7% | 75% | 18% | 77% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 45 | 10% | 74% | 16% | 64% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 45 | 16% | 71% | 13% | 51% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 44 | 20% | 61% | 19% | 43% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 45 | 10% | 75% | 15% | 41% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 48 | 12% | 67% | 21% | 49% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 47 | 7% | 74% | 19% | 49% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 47 | 9% | 73% | 18% | 48% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 47 | 8% | 73% | 19% | 49% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 44 | 13% | 71% | 16% | 47% |
| 01 Jul 2020 - 31 Dec 2020 | 17 Feb 2021 | 47 | 9% | 68% | 23% | 55% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 58 | 8% | 48% | 44% | 73% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 43 | 11% | 75% | 14% | 50% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 42 | 16% | 70% | 14% | 59% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 44 | 9% | 78% | 13% | 44% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 42 | 14% | 76% | 10% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
As standard, Nisbets Limited pay its suppliers and distributors no later than 60 days from the end of the month of the date of the invoice received. Variations to the standard payment terms are negotiated with certain suppliers by exception and are agreed by both parties.
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
Nisbets Limited have a dedicated Purchase Ledger team with specific accounts allocated to individuals in that team, allowing suppliers a direct, named, point of contact. In the event of disputed charges, our policy is to investigate the invoice in question, such as inspecting Goods Received Notes depending on its nature, and communicate directly with the supplier to ensure timely resolution. Dependent on the specific contract terms, we would potentially withhold payment on the disputed portion of the invoice, or raise a debit note for those items until the query is resolved.
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Nisbets Limited, previously known as Nisbets Plc and, before that, Andrew Nisbet & Co. Limited, supplies catering equipment and kitchenware. It operates as a wholesaler and internet and mail order retailer, holding over 25,000 products and running more than 30 stores across the country, alongside click and collect and delivery services. The company has won public sector contracts to supply catering equipment to universities and local councils. It is registered in Bristol and forms part of the wider Bunzl group, having been controlled by Bunzl UK Holdings Limited since 2024, following earlier control by Key West (Holdings) Limited.
Generated from the company's website and Companies House records. Sources: companiesintheuk.co.uk