The average time taken for NERO HOLDINGS LIMITED to pay invoices has decreased over the past three periods, from 39 days in the first period to 37.3 days in the most recent period. However, there was a slight increase in the second period, from 40.2 days to 40.2 days.
The company has shown some volatility in their payment patterns, with a 2.9% decrease in the percentage of invoices paid within 30 days in the third period, compared to the first period. However, there was also a 4.8% decrease in the percentage of invoices paid later than 60 days in the third period, compared to the second period. Overall, there has been a slight improvement in timely payments over the three periods.
Overall, NERO HOLDINGS LIMITED has shown a slight improvement in their payment habits over the past three periods. The average time taken to pay invoices has decreased, and there has been a decrease in the percentage of invoices paid later than 60 days. However, there was a slight increase in the second period, compared to the first period. The company has also shown some volatility in their payment patterns, with a decrease in the percentage of invoices paid within 30 days in the third period, but also a decrease in the percentage of invoices paid later than 60 days in the same period.
| 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 Jun 2017 - 30 Nov 2017 | 27 Apr 2018 | 39 | 23% | 71% | 6% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 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
60
Issues are initially raised with the Accounts Payable team, if a resolution cannot be reached then the issue is escalated to the Accounts Payable Manager and the UK Finance Director.
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
Nero Holdings Limited is registered as a company within the Caffè Nero corporate group, a coffee house business headquartered at Neal Street, London. Companies House records the company's nature of business as unlicensed restaurants and cafes. The wider group, whose data controller is a separate entity, The Nero Group Ltd, operates the Caffè Nero brand along with other trading names including Harris & Hoole, Coffee#1, 200 Degrees and Aroma, running coffee houses across the UK, Europe, Turkey, the Americas, Africa and the Middle East. Nero Holdings Limited itself functions as part of this group's corporate structure rather than as an independently trading operator of coffee shops.
Generated from the company's website and Companies House records. Sources: caffenero.com · caffenero.com