Their own payment-practices filing · gov.uk
Nicoventures Trading Limited pays suppliers in 61 days on average — within its stated 30–120 day terms
Their H1 2026 filing puts the average 31 days past the shortest term they state (30 days), still within their 120-day upper term.
- Their stated terms
- 30–120 days
- Paid outside agreed terms
- 5% of invoices
- Paid after 61+ days
- 61%
- Reporting period
- 1 Jan 2026 – 30 Jun 2026
- Source
- their gov.uk filing, filed 28 Jul 2026
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2026 filing
Paid within their stated range — 61 against 30–120 days
Where their invoices landed · share of all invoices
The pattern · last 6 of 17 reports
55 → 61 days — slowing down
The read · computed from their figures
Nicoventures Trading Limited's H1 2026 filing puts their average at 61 days against stated terms of 30–120 days; 5% of invoices were paid outside agreed terms and 61% took 61 days or longer. Filed 28 Jul 2026.
The direction is slower: from 55 days in H2 2023 to 61 now — 6 days slower across their last 6 reports.
On the latest reported averages: Slower than 90% of the 815 large companies reporting in wholesale & retail trade.
That is 17 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
60 days from invoice date. Some contracts contain a fortnightly payment run clause that states Suppliers accept that BAT’s payment processing centres operate a fortnightly payment run system and that, if the due date for payment of the Valid Invoice falls after the fortnightly payment run day in the relevant week, the Valid Invoice will be paid on the following fortnightly payment run day. This clause is agreed with Suppliers as part of the contract negotiation process before it is implemented.
Dispute resolution
If suppliers have any queries related to invoices and payments they can contact [email protected], which acts as an information center. FSD UK will provide details such as status of invoices, date of payments and statement of account reconciliations. For any dispute related to the terms and conditions agreed, FSD UK will direct the suppliers to the relevant BAT personnel to obtain information about their query.
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2026 | 61 | 5% | 61% | 28 Jul 2026 |
| H2 2025 | 58 | 10% | 50% | 26 Jan 2026 |
| H1 2025 | 51 | 4% | 24% | 23 Jul 2025 |
| H2 2024 | 50 | 2% | 25% | 28 Jan 2025 |
| H1 2024 | 52 | 10% | 32% | 30 Jul 2024 |
| H2 2023 | 55 | 2% | 27% | 23 Jan 2024 |
| H1 2023 | 50 | 13% | 20% | 25 Jul 2023 |
| H2 2022 | 56 | 12% | 38% | 24 Jan 2023 |
| H1 2022 | 50 | 7% | 29% | 25 Jul 2022 |
| H2 2021 | 46 | 7% | 26% | 24 Jan 2022 |
| H1 2021 | 37 | 7% | 18% | 29 Jul 2021 |
| H2 2020 | 39 | 6% | 22% | 28 Jan 2021 |
| H1 2020 | 39 | 9% | 19% | 29 Jul 2020 |
| H2 2019 | 38 | 10% | 17% | 30 Jan 2020 |
| H1 2019 | 37 | 11% | 14% | 30 Jul 2019 |
| H2 2018 | 37 | 16% | 12% | 30 Jan 2019 |
| H1 2018 | 29 | 15% | 7% | 26 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 6 Aug 2008
- Registered office
- GLOBE HOUSE, LONDON, WC2R 3LA
Illustrative · working-capital arithmetic
What a 61-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 61-day vs a 30-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers · Nicoventures Trading Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
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-06665343 · latest period to 30 Jun 2026
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