| 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 Nov 2023 - 31 Mar 2024 | 24 Apr 2024 | 42 | 23% | 67% | 10% | 2% |
| 01 Apr 2023 - 31 Oct 2023 | 24 Apr 2024 | 42 | 26% | 66% | 8% | 2% |
| 01 Oct 2018 - 31 Mar 2019 | 16 Apr 2019 | 34 | 11% | 48% | 41% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 01 Nov 2018 | 40 | 27% | 59% | 13% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our usual payment terms are end of month + 1 month. Intercompany terms with head office differ based on business type (Autoparts 60 days, Machinery / materials 120 days). This is dictated by Nissan Trading Japan policy.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment terms can differ per product / project depending on supplier, incoterms etc.
Maximum contractual payment period agreed
120
Any payment query we have would be dealt with by our sales department (and escalated to management if needed) in order to solve the query. Queries would usually be raised within the 1 month of the issue been identified. Depending on the issue we would aim to solve the dispute within 1-2 weeks.
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.
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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
Nissan Trading Europe Limited is a subsidiary of Nissan Motor Co., Ltd. that specializes in global logistics and trading activities. The company is based in the United Kingdom and has been in operation since 1971.
As part of their sustainability program, Nissan Trading Europe Limited has implemented various measures to reduce their environmental impact. This includes using eco-friendly packaging materials, implementing energy-efficient practices, and promoting the use of electric vehicles in their operations.
The company offers a wide range of products and services, including logistics, trading, and supply chain management solutions. They work closely with their customers to understand their needs and provide tailored solutions that meet their requirements.
Key people at Nissan Trading Europe Limited include Managing Director Toshiaki Nishimura and President Shuichi Morita. They lead a team of experienced professionals who are dedicated to delivering high-quality services to their clients.
To contact Nissan Trading Europe Limited, individuals can visit their website at www.nissantradingeurope.com. The company's registered office address is located at 1st Floor, The Rivers Office Park, Denham Way, Rickmansworth, Hertfordshire, WD3 9YS, United Kingdom.
In summary, Nissan Trading Europe Limited is a reputable company that offers sustainable logistics and trading solutions to their clients. With a focus on environmental responsibility and customer satisfaction, they continue to be a leader in the global trading industry.
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