Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Oct 2025 - 31 Mar 2026 | 29 Apr 2026 | 52 | 7% | 67% | 26% | 3% |
| 01 Apr 2025 - 30 Sept 2025 | 30 Oct 2025 | 53 | 6% | 69% | 25% | 2% |
| 01 Oct 2024 - 31 Mar 2025 | 01 May 2025 | 52 | 8% | 69% | 23% | 2% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 51 | 8% | 68% | 24% | 2% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 52 | 8% | 67% | 25% | 2% |
| 01 Apr 2022 - 30 Sept 2022 | 29 Oct 2022 | 50 | 9% | 69% | 22% | 2% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 50 | 8% | 71% | 21% | 2% |
| 01 May 2018 - 30 Apr 2019 | 19 Jul 2019 | 52 | 8% | 69% | 23% | 7% |
| 01 Oct 2017 - 31 Mar 2018 | 26 Apr 2018 | 50 | 10% | 69% | 21% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are either 45 days or 30 days from the end of the month in which the invoice is raised. The most frequent terms are 45 days from the end of the month in which the invoice is raised.
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
We have agreed service level agreements with all suppliers. Included within those agreements are details of the escalation points in the business depending on the type of query / complaint, and also senior escalation points if needed. The escalation point information also directs suppliers to our supplier dashboard to deal with invoice queries and gives Finance contact details for any payment related queries.
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
Nexus Vehicle Management Ltd, registered in West Yorkshire, now trades as Nexus Rental. Its official register entry lists the business as renting and leasing cars and light motor vehicles. The company's own website describes services covering vehicle hire, plant and HGV hire, tools, welfare and site solutions, and site security and event management, aimed at commercial and site-based customers. It also offers a rental-management technology platform, described as Iris, used to support fleet and rental insight for clients. The company remains an active registered entity, incorporated in 1999, operating from premises in Pudsey, Leeds.
Generated from the company's website and Companies House records. Sources: nexusrental.co.uk · nexusrental.co.uk · nexusrental.co.uk