NEC EUROPE LTD
Company Information
- Company Number
- 02832014
- Registered Address
- Athene Odyssey Business Park, West End Road, South Ruislip, Middlesex, HA4 6QE
- Status
- Active
- Employee Count
- 163.0
- Turnover
- 37184000.0
- EBITDA
- -2777000.0
Additional Details
- Website
- https://uk.nec.com/
- Company Type
- Private limited Company
- Incorporated On
- 25 June 1993
- Nature of Business
- 46520 - Wholesale of electronic and telecommunications equipment and parts
- Industries
- 0
- Region
- London
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 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% |
Company Summary
NEC Europe Ltd is a leading technology company based in London, United Kingdom
They provide innovative solutions and services in the field of information and communication technology (ICT) to customers across Europe
The company is a subsidiary of NEC Corporation, a global leader in the ICT industry
NEC Europe Ltd offers a wide range of products and services, including IT infrastructure solutions, cloud services, cyber security, and biometric identification systems
They also specialize in advanced technologies such as artificial intelligence, Internet of Things (IoT), and 5G networks
The company is committed to sustainability and has a comprehensive sustainability program in place
They aim to minimize their environmental impact by reducing carbon emissions, promoting energy efficiency, and using sustainable materials in their products
NEC Europe Ltd also promotes diversity and inclusion within their workforce and supports local communities through various initiatives
Some key people at NEC Europe Ltd include Takashi Niino, President and CEO of NEC Corporation, and Masakazu Yamashina, President and CEO of NEC Europe Ltd
The company has a strong team of experienced professionals who are dedicated to driving innovation and delivering excellent customer service
To contact NEC Europe Ltd, individuals can visit their website at www.nec.com/eu or reach out to their registered office at NEC Europe Ltd, NEC House, 1 Victoria Road, London, W3 6BL, United Kingdom
Whether it's for business inquiries, partnerships, or customer support, NEC Europe Ltd is committed to providing high-quality services and solutions to meet the evolving needs of their clients
Company Review
Trend Analysis
The data shows a fluctuating trend for NEC EUROPE LTD in terms of their average time to pay invoices. In the first three periods, there was a steady decrease in the average time to pay, with a significant drop from 49 days in the second period to 31 days in the third period. However, in the fourth period, there was a slight increase to 44 days before dropping again in the fifth period to 35 days. The trend then becomes more inconsistent, with some periods showing an increase and others showing a decrease. Overall, there is a slight downward trend in the average time to pay, but it is not consistent.
Volatility Analysis
The volatility of NEC EUROPE LTD's average time to pay is moderate. The first three periods show a significant decrease, but then there are fluctuations in subsequent periods. There are no extreme changes or sudden spikes in the data, indicating that the company's payment process is relatively stable.
Summary Analysis
In the first three periods, NEC EUROPE LTD showed a steady decrease in their average time to pay invoices, with a significant drop in the third period. However, in the fourth period, there was a slight increase before dropping again in the fifth period. The trend then becomes more inconsistent, with some periods showing an increase and others showing a decrease. Overall, there is a slight downward trend in the average time to pay, but it is not consistent.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
180
Dispute Resolution Process
Any disputes will be considered by the Procurement department.
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