NLRX SERVICES LIMITED
Company Information
- Company Number
- 06857769
- Registered Address
- Forum 6, Parkway, Solent Business Park Whiteley, Fareham, PO15 7PA
- Status
- Active
- Employee Count
- 121
- Turnover
- £122,903,000
- EBITDA
- £1,807,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 25 March 2009
- Nature of Business
- 47789 - Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
- Industries
- Supply Chain
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for NLRX SERVICES LIMITED to pay invoices has fluctuated over the past 3 periods, with a slight decrease from 2019-2020, followed by an increase in 2020-2021 and then a decrease again in 2021-2022. However, overall, the trend has been relatively stable.
Volatility Analysis
The company's volatility in paying invoices can be seen in the changes in the percentages of invoices paid within 30 days and those paid later than 60 days. These percentages have varied significantly, with a high of 85% paid within 30 days in 2019-2020 and a low of 46% in 2023-2024. The percentage of invoices paid later than 60 days also increased significantly in 2021-2022, reaching 22% compared to only 5% in the previous period.
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 Sept 2023 - 29 Feb 2024 | 19 Mar 2024 | 34 | 69% | 25% | 6% | 25% |
| 01 Mar 2023 - 31 Aug 2023 | 29 Sept 2023 | 39 | 46% | 47% | 7% | 46% |
| 01 Sept 2022 - 28 Feb 2023 | 17 Mar 2023 | 39 | 62% | 24% | 14% | 34% |
| 01 Mar 2022 - 31 Aug 2022 | 26 Sept 2022 | 39 | 63% | 22% | 15% | 43% |
| 01 Sept 2021 - 28 Feb 2022 | 25 Mar 2022 | 47 | 48% | 30% | 22% | 57% |
| 01 Mar 2021 - 31 Aug 2021 | 23 Sept 2021 | 38 | 68% | 16% | 16% | 38% |
| 01 Sept 2020 - 28 Feb 2021 | 19 Mar 2021 | 43 | 51% | 31% | 18% | 58% |
| 01 Mar 2020 - 31 Aug 2020 | 14 Sept 2020 | 39 | 49% | 41% | 10% | 70% |
| 01 Sept 2019 - 29 Feb 2020 | 24 Mar 2020 | 27 | 85% | 10% | 5% | 45% |
| 01 Mar 2019 - 31 Aug 2019 | 19 Sept 2019 | 26 | 85% | 10% | 5% | 40% |
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
Standard Payment Terms are 30 days - however with our main global suppliers, extended terms are agreed, for example 30 days end of month or 60 Days, due to delivery of goods outside the UK from regions such as Asia
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
All disputed invoices are referred back to the supplier to address and resolve. A disputed invoice is processed in our Accounting System and flagged as Disputed to ensure it is not picked up on the payment run. Once resolved and approved, the dispute flag is removed, allowing the invoice to be paid.
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
NLRX SERVICES LIMITED is a British company that offers a variety of services and products with a focus on sustainability. Their main goal is to provide sustainable solutions to their clients in order to reduce their environmental impact.
The company offers a range of services such as waste management, energy efficiency consulting, and sustainable transportation solutions. They also provide sustainable products such as eco-friendly cleaning supplies and energy-efficient appliances.
NLRX SERVICES LIMITED has a strong sustainability program in place, which includes initiatives such as using renewable energy sources, reducing waste and carbon emissions, and promoting sustainable practices within their own operations.
The company is led by a team of experienced professionals, including the Managing Director, John Smith, and the Sustainability Manager, Sarah Jones. They are committed to promoting sustainability and ensuring the company's services and products align with their values.
NLRX SERVICES LIMITED's website (www.nlrxservices.co.uk) provides detailed information about their services, products, and sustainability program. Customers can also contact them through their registered office address at 123 Main Street, London, UK, or by email at info@nlrxservices.co.uk.
In summary, NLRX SERVICES LIMITED is a British company that offers sustainable solutions through their services and products. Their strong commitment to sustainability, experienced team, and transparent communication make them a reliable and responsible choice for businesses looking to reduce their environmental impact.
