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 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 51 | 15% | 55% | 30% | 65% |
| 04 Oct 2021 - 31 Dec 2021 | 31 Jan 2022 | 53 | 8% | 60% | 32% | 73% |
| 01 Oct 2020 - 31 Mar 2021 | 23 Apr 2021 | 58 | 8% | 45% | 47% | 95% |
| 30 Sept 2019 - 29 Mar 2020 | 29 Apr 2020 | 46 | 19% | 59% | 22% | 67% |
| 01 Apr 2019 - 29 Sept 2019 | 31 Oct 2019 | 47 | 16% | 62% | 22% | 69% |
| 01 Oct 2018 - 31 Mar 2019 | 19 Jul 2019 | 50 | 16% | 56% | 29% | 66% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 50 | 17% | 59% | 25% | 52% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are 90 days but these are negotiated with the supplier
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
120
Disputes will initially be raised through the accounts payable or purchasing departments. Timescales will depend upon the nature of the dispute
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
Nexperia Newport Limited, previously known as Newport Wafer Fab, operates Britain's largest chipmaking facility in Newport, Wales, producing around 32,000 silicon wafers each month. The company is part of Nexperia BV, the Dutch chipmaker owned by Wingtech, which acquired full ownership of the Newport site in 2021. The UK government later ordered Nexperia to sell most of its stake following a national security review, citing the strategic importance of the Newport semiconductor cluster. The facility manufactures electronic components, specifically semiconductor wafers, and employed over 500 people at the time of the government's intervention.
Generated from the company's website and Companies House records. Sources: cnbc.com