The average time taken for NSL LIMITED to pay invoices has increased from 27 days in June 2017 to 31 days in November 2018. The percentage of invoices paid within 30 days has decreased from 55% to 53% during this time period. Additionally, the percentage of invoices paid between 31 and 60 days has increased from 40% to 41%, while the percentage of invoices paid later than 60 days has remained steady at 6%.
The volatility of NSL LIMITED's payment behavior can be seen in the changes in the percentage of invoices paid within 30 days, which has fluctuated between 53% and 55% over the three periods. The percentage of invoices paid later than 60 days has also varied slightly, but has remained relatively consistent at 6%.
Overall, NSL LIMITED has shown a slight increase in the average time taken to pay invoices over the past three periods. However, there has also been a decrease in the percentage of invoices paid within 30 days, which may indicate a potential issue with managing cash flow. The company has consistently paid the majority of their invoices within agreed terms, with the percentage of invoices paid later than 60 days remaining at a relatively low 6%.
| 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 Dec 2017 - 31 May 2018 | 22 Jun 2018 | 28 | 55% | 39% | 6% | 46% |
| 01 Jun 2017 - 30 Nov 2017 | 31 May 2018 | 27 | 55% | 40% | 5% | 44% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company has payment terms between 0 and 30 days.
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
NSL's Accounts Payable team offer support through to query resolution to all suppliers. The team can be contacted by email, letter or telephone.
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
NSL LIMITED is an active private limited company, incorporated on 19 December 2006, based in the West Midlands region. Registered business activity: General public administration activities.
From Companies House records.