NICOVENTURES TRADING LIMITED
Company Information
- Company Number
- 06665343
- Registered Address
- Globe House, 1 Water Street, London, WC2R 3LA
- Status
- Active
- Employee Count
- 397
- Turnover
- £1,297,898,000
- EBITDA
- -£784,777,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 August 2008
- Nature of Business
- 47990 - Other retail sale not in stores, stalls or markets
- Industries
- Life Sciences And Medical Technology
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 Jan 2025 - 30 Jun 2025 | 23 Jul 2025 | 51 | 20% | 56% | 24% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 50 | 23% | 52% | 25% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 52 | 23% | 45% | 32% | 10% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 55 | 14% | 59% | 27% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 50 | 26% | 54% | 20% | 13% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 56 | 20% | 42% | 38% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 50 | 21% | 50% | 29% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 46 | 29% | 45% | 26% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 37 | 46% | 36% | 18% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 39 | 42% | 39% | 19% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 29 | 59% | 34% | 7% | 15% |
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
45 days from invoice date. Some contracts contain a fortnightly payment run clause that states Suppliers accept that BAT’s payment processing centres operate a fortnightly payment run system and that, if the due date for payment of the Valid Invoice falls after the fortnightly payment run day in the relevant week, the Valid Invoice will be paid on the following fortnightly payment run day. This clause is agreed with Suppliers as part of the contract negotiation process before it is implemented.
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
Dispute Resolution Process
If suppliers have any queries related to invoices and payments they can contact fsd_uk@bat.com, which acts as an information center. FSD UK will provide details such as status of invoices, date of payments and statement of account reconciliations. For any dispute related to the terms and conditions agreed, FSD UK will direct the suppliers to the relevant BAT personnel to obtain information about their query.
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
NICOVENTURES TRADING LIMITED is a UK-based company that specializes in the manufacturing and distribution of sustainable products. They are committed to promoting environmental sustainability and reducing their carbon footprint through their operations.
The company's sustainability program includes initiatives such as using renewable energy sources, reducing waste and implementing eco-friendly packaging solutions. They also prioritize working with suppliers who share their values of sustainability and ethical practices.
NICOVENTURES TRADING LIMITED offers a range of sustainable products, including e-cigarettes, e-liquids, and other vaping accessories. These products are made with natural and organic ingredients, and are designed to provide a healthier alternative to traditional smoking.
The key people at NICOVENTURES TRADING LIMITED include their CEO, who is responsible for overseeing the company's operations and sustainability efforts. They also have a dedicated sustainability team that works towards achieving their environmental goals.
For any inquiries or information, NICOVENTURES TRADING LIMITED can be contacted through their website at www.nicoventures.com or through their registered office address at 1 George Street, London, United Kingdom. Overall, NICOVENTURES TRADING LIMITED is a company that prioritizes sustainability and offers high-quality, eco-friendly products to their customers.
