The average time to pay for DEVENISH NUTRITION LIMITED has decreased over the past three periods, from 58 days in June 2017 to 44.5 days in November 2018. This indicates that the company has improved its payment efficiency over time.
The company's payment trends show some volatility, with the largest change occurring between the first and second periods (from 58 days to 52.5 days). However, overall, there has been a consistent decrease in the average time to pay over the past three periods.
In June 2017, DEVENISH NUTRITION LIMITED had an average time to pay of 58 days, with 17% of invoices paid within 30 days, 47% paid between 31 and 60 days, and 36% paid later than 60 days. In the following period (December 2017 to May 2018), the company's average time to pay decreased to 52.5 days, with 23% of invoices paid within 30 days, 47% paid between 31 and 60 days, and 30% paid later than 60 days. The most recent period (June 2018 to November 2018) saw the largest improvement, with DEVENISH NUTRITION LIMITED having an average time to pay of 44.5 days, 33% of invoices paid within 30 days, 50% paid between 31 and 60 days, and only 17% paid later than 60 days. Overall, the company has shown improvement in its payment efficiency over the past three periods.
| 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 Jun 2017 - 30 Nov 2017 | 08 Jan 2018 | 58 | 17% | 47% | 36% | 56% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
http://www.devenishnutrition.com/assets/file/Devenish-Nutrtion-T-Cs.pdf
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
90
http://www.devenishnutrition.com/assets/file/Devenish-Nutrtion-T-Cs.pdf
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
DEVENISH NUTRITION LIMITED is a company, based in the Northern Ireland region.
From Companies House records.