NIKE UK LIMITED
Company Information
- Company Number
- 01887016
- Registered Address
- 4 Handyside Street, London, N1C 4DJ
- Status
- Active — Active proposal to strike off
- Employee Count
- 260
- Turnover
- £63,342,000
- EBITDA
- £20,686,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 18 February 1985
- Nature of Business
- 46160 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
- Industries
- Events And Venues, Food And Drink, Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for NIKE (UK) LIMITED to pay invoices has fluctuated between 18 to 39 days over the past three years. There was a decrease in the average time taken in 2020, followed by an increase in 2021. However, compared to the start date in 2017, there has been an overall increase in the average time taken to pay invoices.
Volatility Analysis
The volatility in the average time taken to pay invoices for NIKE (UK) LIMITED has been relatively stable, with the largest change being a 21% increase in 2020. However, the company has maintained a consistent standard payment period of 10 days throughout the past three years.
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 Dec 2021 - 31 May 2022 | 20 Jun 2022 | 32 | 75% | 13% | 11% | 30% |
| 01 Jun 2021 - 30 Nov 2021 | 20 Dec 2021 | 29 | 71% | 20% | 9% | 28% |
| 01 Dec 2020 - 31 May 2021 | 04 Aug 2021 | 37 | 68% | 18% | 14% | 34% |
| 01 Jun 2020 - 30 Nov 2020 | 16 Dec 2020 | 39 | 66% | 17% | 17% | 37% |
| 01 Dec 2019 - 31 May 2020 | 29 Jun 2020 | 18 | 85% | 10% | 5% | 24% |
| 01 Jun 2019 - 30 Nov 2019 | 11 Dec 2019 | 23 | 81% | 12% | 7% | 24% |
| 01 Dec 2018 - 31 May 2019 | 25 Jun 2019 | 21 | 80% | 12% | 8% | 24% |
| 01 Jun 2018 - 30 Nov 2018 | 12 Dec 2018 | 21 | 81% | 12% | 7% | 20% |
| 01 Dec 2017 - 31 May 2018 | 29 Jun 2018 | 22 | 80% | 12% | 8% | 18% |
| 01 Jun 2017 - 30 Nov 2017 | 26 Mar 2018 | 19 | 94% | 5% | 1% | 20% |
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
30 days for third party vendors, 90 days for intercompany vendors and 10 days for employee expenses.
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
Vendors should contact the finance helpdesk via e-mail in the first instance for all invoicing and payment disputes. The helpdesk may then reach out to the Nike business partner or a member of the Nike Financial Controlling team for assistance and information in order to resolve the dispute. Should this fail, the dispute will be escalated to the Nike Financial Controlling team for correspondence with the vendor in question via e-mail or telephone to enable swift resolution of the dispute.
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
NIKE (UK) LIMITED is a leading multinational corporation that specializes in the design, development, and sale of athletic footwear, apparel, and equipment. The company was established in 1964 and is headquartered in London, United Kingdom.
Their sustainability program, called "Nike Sustainable Business and Innovation", focuses on creating products and services that are environmentally friendly and socially responsible. They strive to reduce their carbon footprint, use sustainable materials, and ensure fair labor practices in their supply chain.
NIKE (UK) LIMITED offers a wide range of products, including running shoes, training shoes, lifestyle shoes, and apparel for various sports such as football, basketball, and golf. They also offer innovative products like the Nike+ running app and the Nike FuelBand, which tracks daily activity levels.
The company's key people include Mark Parker, the President and CEO, and John Donahoe, the Executive Chairman. They have a team of experienced designers, engineers, and marketers who continuously work towards creating cutting-edge products and driving the company's growth.
The registered office address for NIKE (UK) LIMITED is One Bowerman Drive, Beaverton, Oregon 97005, USA. Their website, www.nike.com/uk, provides information about their products, sustainability efforts, and company news. They also have a customer service helpline for any inquiries or concerns.
