Industry ranking
Score of 82.3/100 qualifies for PaymentCheck Certification
| 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 Apr 2024 - 30 Sept 2024 | 10 Dec 2024 | 22 | 73% | 22% | 5% | 17% |
| 01 Oct 2023 - 31 Mar 2024 | 05 Dec 2024 | 24 | 74% | 17% | 9% | 18% |
| 01 Apr 2023 - 30 Sept 2023 | 09 Feb 2024 | 33 | 60% | 21% | 19% | 18% |
| 01 Oct 2022 - 31 Mar 2023 | 25 Aug 2023 | 35 | 56% | 21% | 23% | 23% |
| 01 Apr 2022 - 30 Sept 2022 | 06 Feb 2023 | 38 | 52% | 22% | 26% | 24% |
| 01 Oct 2021 - 31 Mar 2022 | 01 Feb 2023 | 40 | 49% | 23% | 28% | 17% |
| 01 Apr 2021 - 30 Sept 2021 | 08 Apr 2022 | 48 | 45% | 26% | 29% | 18% |
| 01 Oct 2020 - 31 Mar 2021 | 25 Jun 2021 | 41 | 54% | 26% | 21% | 13% |
| 01 Apr 2020 - 30 Sept 2020 | 14 Oct 2020 | 35 | 59% | 21% | 20% | 16% |
| 01 Oct 2019 - 31 Mar 2020 | 14 Oct 2020 | 44 | 54% | 22% | 24% | 16% |
| 01 Apr 2019 - 30 Sept 2019 | 22 Oct 2019 | 31 | 62% | 24% | 14% | 17% |
| 01 Oct 2018 - 31 Mar 2019 | 22 Oct 2019 | 49 | 49% | 22% | 29% | 17% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 45 | 41% | 24% | 35% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
For services and contractors the standard payment terms are 30 days. For all other procurement activities the standard payment terms are 60 days.
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
Any disputes will be considered by the procurement department.
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
NEC Europe Ltd is the European arm of NEC, a Japanese technology group, registered in the UK since 1993. Its own site describes it as providing 'Solutions for Society' covering telecom networks, high performance computing and smart city technologies, addressing customer network and communication requirements alongside city operational and ICT needs. Structured filings record its nature of business as wholesale of electronic and telecommunications equipment and parts. The company operates as part of the wider NEC Group's global ICT and communications business, supplying network products, high performance computing solutions and smart city systems to government and telecom industry customers, rather than manufacturing goods itself.
Generated from the company's website and Companies House records. Sources: uk.nec.com