NES ADVANTAGE LIMITED

PaymentCheck Score 2024
98Excellent
0.3vs last year
#260 in UK
#29 in Professional Services
#17 in North West

Company Information

Company Number
05309561
Registered Address
Nes Global Talent, Station House, Stamford New Road, Altrincham, England, WA14 1EP
Status
Active
Employee Count
10
Turnover
£38,020,000
EBITDA
£1,006,000

Additional Details

Company Type
Private limited Company
Incorporated On
9 December 2004
Nature of Business
78200 - Temporary employment agency activities
Industries
Professional Services
Region
North West

Time to Pay

Average Time to Pay
11 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
95%
31-60 Days
5%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-11-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Nov 2023 - 30 Apr 202431 May 20241095%5%0%0%
01 May 2023 - 31 Oct 202330 Nov 20231096%4%0%0%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

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 either weekly or monthly for contractor payments and 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

30

Dispute Resolution Process

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 Advantage Solutions Ltd 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.

Other Payment Information

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

Company Summary

NES ADVANTAGE SOLUTIONS LIMITED is a leading provider of sustainable solutions, products and services. The company is committed to promoting sustainability and implementing environmentally-friendly practices in all its activities.

The company offers a wide range of services, including energy management, waste reduction, and recycling solutions. They work with clients from various industries to help them reduce their carbon footprint and become more sustainable. Their team of experts provides tailored solutions to meet the specific needs of each client.

NES ADVANTAGE SOLUTIONS LIMITED also offers a range of sustainable products, including eco-friendly cleaning supplies, energy-efficient appliances, and renewable energy systems. These products are carefully selected to ensure they have minimal impact on the environment.

The company's sustainability program is a key aspect of their operations. They have implemented various initiatives to reduce their own carbon footprint, such as using renewable energy sources, reducing waste, and promoting sustainable transportation methods for their employees.

The key people at NES ADVANTAGE SOLUTIONS LIMITED are highly experienced professionals with a strong background in sustainability and environmental management. They are dedicated to providing innovative and effective solutions to their clients.

To learn more about NES ADVANTAGE SOLUTIONS LIMITED and their sustainable solutions, products, and services, you can visit their website at www.nesadvantage.com. Their registered office address is 10 Queen Street Place, London, EC4R 1BE.

Financial Metrics

Cash
£0
Net Worth
£21,238,000
Total Current Assets
£38,454,000
Total Current Liabilities
£17,235,000

Company Location