Industry ranking
Score of 100/100 qualifies for PaymentCheck Certification
The data for NRAM LIMITED shows a fluctuating trend in the average time taken to pay invoices to suppliers. The company's average time to pay was 31 days in the period of April 2018 to September 2018, which decreased significantly to 10 days in the period of October 2019 to March 2020. However, it increased again to 24 days in the period of April 2020 to September 2020 and then dropped to 3 days in the period of October 2021 to March 2022. Overall, there has been a downward trend in the average time to pay, with a significant decrease in the most recent period.
The data also shows a high level of volatility in the percentage of invoices paid within 30 days and between 31 and 60 days. In the period of October 2020 to March 2021, the percentage of invoices paid within 30 days dropped to 70% from 100% in the previous period. Similarly, the percentage of invoices paid between 31 and 60 days increased to 26% in the same period from 10% in the previous period. However, there has been a significant improvement in the most recent period, with 86% of invoices paid within 30 days and only 14% paid between 31 and 60 days.
In the most recent period of April 2021 to September 2021, NRAM LIMITED has improved its average time to pay to 16 days, with 86% of invoices paid within 30 days. This is a significant improvement from the worst period in October 2020 to March 2021, where only 70% of invoices were paid within 30 days and 26% were paid between 31 and 60 days. The company has also consistently maintained a standard payment period of 30 days throughout all the periods analysed.
| 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 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 3 | 100% | 0% | 0% | 0% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 16 | 86% | 14% | 0% | 21% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 24 | 70% | 26% | 4% | 35% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 17 | 86% | 10% | 5% | 24% |
| 01 Oct 2019 - 31 Mar 2020 | 23 Apr 2020 | 10 | 100% | 0% | 0% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 11 Oct 2019 | 32 | 100% | 0% | 0% | 39% |
| 01 Oct 2018 - 31 Mar 2019 | 15 Apr 2019 | 16 | 100% | 0% | 0% | 33% |
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 31 | 73% | 9% | 18% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices which are valid and properly submitted in accordance with the agreed terms and conditions of contract are payable with 30 days following the date on which the invoice is received (unless the invoice is disputed). Where appropriate, contractual provisions are included to provide the supplier with a remedy for late payment of invoices (i.e. applying interest).
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 procedures are typically included in the contract and set out escalation procedures/default positions if disputes cannot be resolved between the contracting parties. A Potential Supplier Dispute Management process forms part of Procurement Policy. This process sets out how potential supplier disputes should be notified and addressed internally to ensure the right business functions are engaged.
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
NRAM Limited was registered as a mortgage finance company, classified under SIC code 64922 for activities of mortgage finance companies. It was originally incorporated as NRAM (No. 1) Limited before being renamed NRAM Limited in 2016. Company filings and officer correspondence addresses link it to UK Asset Resolution Limited, indicating it operated as part of that group structure rather than as an independent trading business. The company filed group accounts each year up to March 2024. In December 2025 its directors resolved to wind up the company, a declaration of solvency was filed and a voluntary liquidator was appointed, placing the company into liquidation.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk