| 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 | 26 Mar 2024 | 34 | 60% | 29% | 11% | 11% |
| 01 Jan 2023 - 30 Jun 2023 | 05 Aug 2023 | 32 | 61% | 31% | 8% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 15 Feb 2023 | 38 | 62% | 26% | 12% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 34 | 65% | 23% | 12% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 03 Aug 2021 | 38 | 57% | 25% | 18% | 89% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Mar 2021 | 77 | 44% | 25% | 31% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Sept 2020 | 40 | 60% | 23% | 17% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Sept 2020 | 30 | 67% | 22% | 11% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 34 | 55% | 35% | 10% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 26 Jan 2019 | 26 | 64% | 29% | 7% | 11% |
| 01 Jan 2018 - 30 Jun 2018 | 29 Jul 2018 | 30 | 56% | 32% | 12% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
It is the Company's policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The majority of suppliers are paid on 30 days terms.
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
118
We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts team, it would escalated in the first instance to the relevant Manager to seek a timely resolution
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
NICHOLAS ASSOCIATES GROUP LIMITED is a UK-based company that provides recruitment and workforce management services to a variety of industries including construction, engineering, healthcare, and hospitality. The company was founded in 1977 and has a strong reputation for providing high-quality services to both clients and job seekers.
The company's sustainability program focuses on reducing their environmental impact and promoting ethical and responsible practices. They have implemented measures such as reducing their carbon footprint, promoting recycling and waste reduction, and supporting community initiatives.
NICHOLAS ASSOCIATES GROUP LIMITED offers a range of services to their clients, including permanent and temporary recruitment, executive search, and managed services. They also provide training and development programs for employees, helping them to improve their skills and advance their careers.
The key people at NICHOLAS ASSOCIATES GROUP LIMITED include the Managing Director, Nick Croucher, who has over 30 years of experience in the recruitment industry, and the Operations Director, Gary Hewitt, who has been with the company for over 20 years.
Their website, www.nicholasassociates.co.uk, provides information on their services, job opportunities, and their sustainability efforts. The registered office address for the company is Nicholas Associates Group Limited, Nicholas House, River Don Trading Estate, Brightside Lane, Sheffield, S9 2RX.
In conclusion, NICHOLAS ASSOCIATES GROUP LIMITED is a reputable recruitment company in the UK that is committed to sustainability and providing high-quality services to their clients and employees. With a strong leadership team and a wide range of services, they continue to be a leading player in the recruitment industry.