| 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 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 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% |
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. is a leading vehicle management company based in the United Kingdom. They offer a wide range of services including vehicle leasing, fleet management, and vehicle rental to businesses and individuals.
Their sustainability program is a key aspect of their business, with a focus on reducing carbon emissions and promoting environmentally friendly practices. They offer electric and hybrid vehicles as part of their leasing options and also have a green fleet management service to help clients reduce their carbon footprint.
The company is led by a team of experienced and dedicated individuals, including Managing Director Tim Warner and Operations Director David Brennan. They are committed to providing excellent customer service and promoting sustainable practices within the company and their clients' businesses.
NEXUS VEHICLE MANAGEMENT LTD. can be contacted through their website, which also provides information on their range of services and sustainability initiatives. Their registered office address is located in Leeds, UK.
In summary, NEXUS VEHICLE MANAGEMENT LTD. is a reputable vehicle management company with a strong focus on sustainability. Their range of services, including electric and hybrid vehicles, and dedicated team make them a top choice for businesses and individuals looking for eco-friendly vehicle solutions.