NOKIA UK LIMITED
Company Information
- Company Number
- 02650571
- Registered Address
- 740 Waterside Drive, Aztec West, Almondsbury, Bristol, England, BS32 4UF
- Status
- Active
- Employee Count
- 891.0
- Turnover
- 441253000.0
- EBITDA
- 13386000.0
Additional Details
- Website
- https://businessyield.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 2 October 1991
- Nature of Business
- 61900 - Other telecommunications activities
- Industries
- Information Technology,Telecommunications And Data,Professional Services
- Region
- South West
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 78 | 13% | 18% | 69% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 88 | 7% | 18% | 75% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 86 | 8% | 14% | 78% | 9% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 86 | 6% | 15% | 79% | 35% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 87 | 7% | 14% | 79% | 35% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 94 | 8% | 10% | 82% | 32% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 90 | 29% | 9% | 62% | 48% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 94 | 22% | 11% | 67% | 28% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 97 | 12% | 19% | 69% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 80 | 16% | 19% | 65% | 44% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 103 | 4% | 18% | 78% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 04 Sept 2018 | 105 | 4% | 18% | 78% | 15% |
Company Summary
NOKIA UK LIMITED is a multinational telecommunications company that provides a wide range of products and services to customers in the United Kingdom
The company was founded in 1865 and has a long history in the industry
The company's sustainability program is a crucial part of their operations
They have set ambitious goals to reduce their carbon footprint, increase the use of renewable energy, and promote environmentally friendly products
They also prioritize ethical and responsible business practices, including fair treatment of employees and suppliers
NOKIA UK LIMITED offers a variety of products and services, including mobile phones, network equipment, and digital services
Their products are known for their high quality and innovative features, making them a popular choice among consumers
The key people at NOKIA UK LIMITED include their CEO, Pekka Lundmark, and their board of directors
They are responsible for driving the company's growth and ensuring its sustainability efforts are successful
For more information, customers can visit the company's website at www.nokia.com
The registered office address for NOKIA UK LIMITED is 2 Kingdom Street, London, W2 6BD, United Kingdom
Company Review
Trend Analysis
The trend for NOKIA UK LIMITED's average time to pay invoices has decreased steadily since 2019, indicating an improvement in their payment processes.
Volatility Analysis
The volatility in NOKIA UK LIMITED's payment practices has decreased over the years, with a slight increase in 2020 and 2023.
Summary Analysis
Overall, NOKIA UK LIMITED has shown a positive trend in their payment practices, with a decrease in the average time to pay invoices and an increase in the percentage of invoices paid within 30 days. However, there was a significant increase in the percentage of invoices paid later than 60 days in 2020, indicating a potential issue with timely payments during that period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard payment terms and conditions are: Payment Term: Ninety days Baseline Date: Invoice receipt date Payment Method: Once a month payment cycle
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
120
Dispute Resolution Process
In case of a dispute suppliers should, in the first instance, contact Accounts Payable (AP@nokia.com). Ongoing disputes will be resolved in accordance with the contractual agreement.
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