NEX SERVICES LIMITED
Company Information
- Company Number
- 09936051
- Registered Address
- London Fruit And Wool Exchange, 1 Duval Square, London, England, E1 6PW
- Status
- Active
- Employee Count
- 26
- Turnover
- £12,818,000
- EBITDA
- £7,486,000
Additional Details
- Website
- https://icapinfo.com
- Company Type
- Private limited Company
- Incorporated On
- 5 January 2016
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 38 | 66% | 19% | 15% | 47% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 33 | 66% | 23% | 11% | 49% |
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
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No
Maximum contractual payment period agreed
45
Dispute Resolution Process
When AP receive a query from a vendor regarding a payment for an invoice, a check would be done to see if the invoice has been processed for payment. AP would then provide the vendor with the details and breakdown of the payment. AP would also confirm that the remittances are being sent to the correct email address and update if needed. If the invoices had not been paid AP would provide an update of the status of the invoice and work with the business in order to get the invoices paid and to try to prevent late payment going forwards. Once the invoices are paid AP would contact the vendor again to confirm they had received the funds. If there are any discrepancies on the invoice (Eg pricing or delivery), AP would notify the vendor and internal contact at point of input in the AP system in order to get it resolved and paid in a timely manner. AP would also advise of any changes needed to be made to any future invoices to prevent any further delays.
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
NEX SERVICES LIMITED is a leading provider of sustainability solutions and services in the United Kingdom. The company is committed to promoting and implementing sustainable practices across various industries.
Their sustainability program includes a range of services such as waste management, energy efficiency, and carbon reduction strategies. They also offer consultancy services to help businesses develop and implement sustainable practices.
NEX SERVICES LIMITED's products and services are designed to reduce the environmental impact of businesses while increasing their efficiency and profitability. They work with clients to identify areas where they can reduce waste, conserve energy and resources, and implement sustainable practices.
The key people at NEX SERVICES LIMITED are highly experienced and knowledgeable in the field of sustainability. They are dedicated to providing innovative and effective solutions to help businesses become more sustainable.
For more information on NEX SERVICES LIMITED and their sustainability services, you can visit their website at www.nexservices.co.uk. Their registered office address is 10 Upper Bank Street, London E14 5JJ, United Kingdom.
