NATIONAL EXHIBITION CENTRE LIMITED (THE)
Company number: 00979395
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
27 October 2025
Approved by:
Paul Reeve
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 40 days
Total value paid:
- within 30 days: £80,175 (9%)
- in 31 to 60 days: £699,893 (79%)
- in 61 days or more: £101,792 (12%)
Invoices paid:
- within 30 days: 9%
- in 31 to 60 days: 79%
- in 61 days or more: 12%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
91 days
Standard payment terms
The Nec Ltd shall pay invoiced amounts by the first working day of the third month, following the month in which the correctly rendered invoice is received from the supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes and complaints are considered/resolved by a member of the AP Department. Escalating where appropriate to the requisitioning department/manager, by telephone and/or email. Notes are held on the supplier's account concerning the dispute and/or copy email correspondence is saved in outlook folders or our electronic filing system. Minor disputes are usually resolved within 24 hours but may take longer if the dispute is of a more complicated nature.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No