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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
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.
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
NIKE (UK) LIMITED is a active — active proposal to strike off private limited company, incorporated on 18 February 1985, based in the London region. Registered business activity: Agents involved in the sale of textiles, clothing, fur, footwear and leather goods.
From Companies House records.