Industry ranking
| 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.
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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
Nissan Trading Europe Limited, formerly Nissan Trading UK Ltd, is a subsidiary of Nissan Trading Co. Ltd (NITCO), itself part of Nissan Motor Co. Ltd. It supports Nissan Motor Manufacturing UK in Sunderland and operates as a supply chain management provider, handling automotive components, vehicles, steel, chemicals and machinery for Nissan and its suppliers across Europe. It also handles common parts, equipment and materials for the Renault-Nissan-Mitsubishi alliance, and increasingly deals with electric vehicle related commodities and materials. The company operates branches in Sunderland and Barcelona, with its head office in Sunderland, serving both automotive parts and vehicle enquiries as well as commercial sales.
Generated from the company's website and Companies House records. Sources: nissantradingeurope.com · nissantradingeurope.com