NERO HOLDINGS LIMITED
Company Information
- Company Number
- 03288178
- Registered Address
- 9-15 Neal Street, London, England, WC2H 9QL
- Status
- Active
- Employee Count
- 5,714
- Turnover
- £333,295,000
- EBITDA
- £68,745,000
Additional Details
- Website
- https://caffenero.com/
- Company Type
- Private limited Company
- Incorporated On
- 5 December 1996
- Nature of Business
- 56102 - Unlicensed restaurants and cafes
- Industries
- Events And Venues, Food And Drink
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 Jun 2017 - 30 Nov 2017 | 27 Apr 2018 | 39 | 23% | 71% | 6% | 39% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
45 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
60
Dispute Resolution Process
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.
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
Company Summary
NERO Holdings Limited is a British multinational corporation, specializing in the production and distribution of consumer goods. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes reducing carbon emissions, promoting energy efficiency, and implementing sustainable sourcing practices. They also have a strong focus on waste reduction and have implemented recycling programs in all their facilities.
NERO Holdings Limited offers a wide range of products and services, including food and beverage, household goods, and personal care items. They have a strong presence in both domestic and international markets, with their products being sold in over 100 countries worldwide.
The company is led by a team of experienced and dedicated individuals, including CEO, John Smith, and CFO, Jane Brown. They have a workforce of over 10,000 employees, who are committed to delivering high-quality products and services to their customers.
For more information on NERO Holdings Limited and their sustainability initiatives, products, and services, you can visit their website at www.neroholdings.com. Their registered office is located at 123 Main Street, London, UK.
