NISBETS LIMITED
Company Information
- Company Number
- 01693112
- Registered Address
- Nisbets Limited, Fourth Way, Bristol, England, BS11 8TB
- Status
- Active
- Employee Count
- 1,891
- Turnover
- £488,980,000
- EBITDA
- £46,824,000
Additional Details
- Website
- https://blog.nisbets.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 21 January 1983
- Nature of Business
- 46900 - Non-specialised wholesale trade47910 - Retail sale via mail order houses or via Internet
- Industries
- Lifestyle And Entertainment
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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 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% |
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
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
Any other information about payment terms
N/a
Maximum contractual payment period agreed
60
Dispute Resolution Process
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.
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
NISBETS LIMITED is a leading supplier of catering equipment, supplies, and furniture to the hospitality industry in the UK and Europe. With over 35 years of experience, the company has established itself as a reliable and trusted partner for businesses in the foodservice sector.
The company offers a wide range of products, including kitchen appliances, tableware, and furniture, from top brands such as Rational, Churchill, and Vogue. They also have their own brand, Buffalo, which offers high-quality and affordable equipment.
NISBETS LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a recycling program in place and offer eco-friendly products, such as biodegradable food packaging and energy-efficient appliances. They also work with suppliers who share their values and strive for sustainable practices.
The key people at NISBETS LIMITED include Managing Director Klaus Goeldenbot, who has been with the company for over 15 years, and their dedicated team of sales and customer service professionals. Their website, www.nisbets.co.uk, provides a user-friendly platform for customers to browse and purchase products, as well as access helpful resources and guides.
NISBETS LIMITED is headquartered in Bristol, UK, and has branches across Europe, including Ireland, France, and Germany. Their registered office address is Fourth Way, Avonmouth, Bristol, BS11 8TB, United Kingdom.
In summary, NISBETS LIMITED is a reputable and sustainable supplier of catering equipment and supplies, with a wide range of products and a commitment to reducing their environmental impact. Their experienced team, easy-to-use website, and multiple branches make them a preferred choice for businesses in the hospitality industry.
