NMB-MINEBEA UK LTD
Company Information
- Company Number
- 02194706
- Registered Address
- Doddington Road, Lincoln, LN6 3RA
- Status
- Active
- Employee Count
- 249
- Turnover
- £54,060,000
- EBITDA
- £3,109,000
Additional Details
- Website
- https://nmb-minebea.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 17 November 1987
- Nature of Business
- 28150 - Manufacture of bearings, gears, gearing and driving elements
- Industries
- Coming Soon
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Oct 2022 - 31 Mar 2023 | 08 May 2023 | 23 | 71% | 26% | 3% | 5% |
| 01 Apr 2022 - 30 Sept 2022 | 19 Oct 2022 | 22 | 73% | 25% | 2% | 8% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Nov 2021 | 28 | 60% | 33% | 7% | 2% |
| 01 Apr 2020 - 30 Sept 2020 | 20 Jan 2021 | 23 | 68% | 26% | 6% | 1% |
| 01 Oct 2019 - 31 Mar 2020 | 20 Jan 2021 | 25 | 65% | 29% | 5% | 2% |
| 01 Apr 2019 - 30 Sept 2019 | 18 Nov 2019 | 41 | 61% | 35% | 3% | 11% |
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
Most suppliers are on 45 day payment terms
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
90
Dispute Resolution Process
We work with all suppliers to identify issues as promptly as possible to avoid disputes
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.
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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?
❌
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
NMB-Minebea UK Ltd is a leading manufacturer and supplier of precision bearings and mechanical parts, based in the United Kingdom. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes energy-efficient manufacturing processes, waste reduction strategies, and the use of sustainable materials in their products. They also have a recycling program in place for their products and packaging.
NMB-Minebea UK Ltd offers a wide range of high-quality products, including miniature and small-sized ball bearings, precision bearings, and motorized components. Their products are used in various industries such as automotive, aerospace, and medical equipment.
The key people at NMB-Minebea UK Ltd include their managing director, Paul Murgatroyd, who has over 30 years of industry experience, and their operations director, Richard Hopley, who has been with the company for over 25 years.
Customers can contact NMB-Minebea UK Ltd through their website, which also provides information on their products and services. The company's registered office address is located in Maidenhead, Berkshire, and their website address is www.nmb-minebea.co.uk.
In summary, NMB-Minebea UK Ltd is a sustainable company that offers a wide range of high-quality products and is led by experienced professionals. Their commitment to sustainability and quality products makes them a reliable choice for customers in various industries.
