| 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 Aug 2021 - 31 Jan 2022 | 26 Jul 2024 | 26 | 59% | 40% | 0% | 0% |
| 01 Feb 2021 - 31 Jul 2021 | 07 Jan 2022 | 32 | 48% | 50% | 2% | 0% |
| 27 Jul 2020 - 24 Jan 2021 | 25 Feb 2021 | 33 | 44% | 53% | 3% | 0% |
| 27 Jan 2020 - 26 Jul 2020 | 19 Aug 2020 | 33 | 50% | 44% | 6% | 0% |
| 28 Jul 2019 - 26 Jan 2020 | 24 Feb 2020 | 27 | 56% | 42% | 2% | 0% |
| 28 Jan 2019 - 27 Jul 2019 | 21 Aug 2019 | 26 | 57% | 41% | 2% | 0% |
| 29 Jul 2018 - 27 Jan 2019 | 26 Feb 2019 | 28 | 48% | 52% | 0% | 0% |
| 29 Jan 2018 - 28 Jul 2018 | 23 Aug 2018 | 22 | 63% | 36% | 1% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most frequently used terms are net 7 days and net 45 days. Even though our standard pay term is net 55, most of the vendors PO has non-standard pay term as the procurement team decides pay terms on a case by case basis and suppliers are notified with a purchase order.
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
55
Disputes related to payments are resolved by mutual reconciliation of account between the parties.
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
NVIDIA LTD is a British technology company that specializes in designing and producing graphics processing units (GPUs) for a variety of industries, including gaming, professional visualization, data centers, and automotive. Founded in 1993, the company has grown to become one of the leading providers of GPUs and related software and hardware solutions.
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In conclusion, NVIDIA LTD is a leading technology company in the UK, known for its high-performance GPUs and commitment to sustainability. With a strong team of leaders and a range of innovative products and services, the company continues to make strides in the technology industry.
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