Score of 98/100 qualifies for PaymentCheck Certification
NICOBRAND LIMITED demonstrates consistently strong payment performance, with an average payment time of just 13 days, well ahead of standard 30-day terms. A near-perfect 95% of invoices are settled within 30 days, with the remaining 5% falling in the 31–60 day range and no payments recorded beyond 60 days. This pattern reflects a stable and disciplined payment culture with no indicators of deterioration.
Payment behaviour is highly predictable, with zero late payments and no instances of extended delays beyond 60 days, indicating minimal financial stress or operational disruption. The small 5% share of 31–60 day payments introduces only marginal variability, which is unlikely to pose a material cash flow risk to suppliers. Overall, the payment profile is low-volatility and consistent, making NICOBRAND LIMITED a highly reliable counterpart.
NICOBRAND LIMITED presents a very low payment risk profile and is a strong candidate for standard or preferential trading terms without the need for prepayment or credit insurance requirements. Suppliers can confidently extend credit, as the data supports a history of prompt settlement with negligible exceptions. As a precautionary measure, monitoring the 31–60 day segment for any upward trend over time would be sufficient ongoing due diligence.
| 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 | 01 Dec 2025 | 13 | 95% | 5% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We pay invoices very promptly providing we have been provided with the goods or services and are satisfied with the quality of what we have been provided. Our payment period is anywhere between 7 and 60 days.
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
60
Payment disputes for qualifying contracts are managed by our Accounts Payable team. Suppliers can raise concerns via email to accounts@nicobrand.com. We aim to acknowledge disputes within 5 working days and resolve them within 30 days where possible. If additional investigation is required, the matter is escalated to the Director, Business Administration for review and resolution.
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
Nicobrand Limited operates a laboratory and production facility in Coleraine, Northern Ireland, manufacturing nicotine products. It produces Active Pharmaceutical Ingredients (APIs) under pharmaceutical GMP standards, along with complex liquid and powder nicotine formulations, supplying customers worldwide for use in medicines and next generation nicotine product applications. The company has operated in this field since the early 1980s and has been audited by regulators including the US FDA and UK MHRA. It also develops caffeine and CBD based products. Nicobrand is stated to be a wholly owned subsidiary of the CNT group, with its registered SIC classification covering manufacture of pharmaceutical preparations.
Generated from the company's website and Companies House records. Sources: nicobrand.com · nicobrand.com · nicobrand.com