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Their own payment-practices filing · gov.uk

NMB-Minebea UK Ltd paid suppliers in 23 days on average — inside its shortest stated term

CRN 02194706 · Manufacturing · 10 statutory reports on record · period to 31 Mar 2023

Dated record. The latest report covers a period ending 31 Mar 2023 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
23daysavg time to pay · H1 2023

Their H1 2023 filing put the average 7 days inside the shortest term they state (30 days).

Their stated terms
30–90 days
Paid outside agreed terms
5% of invoices
Paid after 61+ days
3%
Reporting period
1 Oct 2022 – 31 Mar 2023
Source
their gov.uk filing, filed 8 May 2023

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2023 filing

Paid 7 days inside the 30-day term they state

The pattern · last 6 of 10 reports

Held steady around 23 days

The read · computed from their figures

NMB-Minebea UK Ltd's H1 2023 filing put their average at 23 days against stated terms of 30–90 days; 5% of invoices were paid outside agreed terms and 3% took 61 days or longer. Filed 8 May 2023.

The pattern is steady — their reported average moves within about ±4 days period to period.

That is 10 statutory periods on record (earliest H2 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

Most suppliers are on 45 day payment terms

Dispute resolution

We work with all suppliers to identify issues as promptly as possible to avoid disputes

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 2023235%3%8 May 2023
H2 2022228%2%19 Oct 2022
H1 2022304%8%29 Apr 2022
H2 2021282%7%29 Nov 2021
H1 2021245%4%21 Jul 2021
H2 2020231%6%20 Jan 2021
H1 2020252%5%20 Jan 2021
H2 20194111%3%18 Nov 2019
H1 20192672%3%18 Apr 2019
H2 20182727%2%10 Oct 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
17 Nov 1987
Registered office
DODDINGTON ROAD, LN6 3RA
0 outstanding charges on the register Accounts due 31 Dec 2027

Open the full record at Companies House.

Quick answers · NMB-Minebea UK Ltd

Are they getting slower or faster?
Their reported average was steady — within about ±4 days period to period, around 23 days.
What's their typical pay point?
Their latest reports averaged around day 23, moving within about ±4 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-02194706 · latest period to 31 Mar 2023

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