Industry ranking
| 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 May 2024 - 31 Oct 2024 | 29 Nov 2024 | 27 | 61% | 38% | 1% | 88% |
| 01 Nov 2023 - 30 Apr 2024 | 31 May 2024 | 24 | 61% | 39% | 0% | 59% |
| 01 May 2023 - 31 Oct 2023 | 30 Nov 2023 | 28 | 60% | 38% | 2% | 68% |
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 day terms for trade suppliers.
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
45
Invoices in dispute are placed on hold after being notified by the internal purchaser and we seek to resolve queries as quickly as possible. If the initial discussions with the supplier do not resolve the issue, NES Group Limited operates a complaints service, whereby the query is registered and investigated by the Head of Quality and Director of Risk who are independent to the Accounts Payable Department. Once the dispute has been resolved, the invoice is paid on the next payment run.
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
NES Group Limited was incorporated in 1998, originally under the name Perfectability Limited before adopting its current name. Companies House records list its nature of business as activities of other holding companies, indicating it functions as a holding entity within a wider corporate group. The structured industry classification associated with the company points to employment placement agency activities, placing the group's trading focus within recruitment and talent management. No further detail on trading operations, products or client base is available from the evidence supplied. The registered office is in Altrincham, Cheshire, and the company remains active, with its role best understood as a holding company sitting above operating recruitment businesses.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk