NORTHROP GRUMMAN UK LIMITED
Company number: 05989428
Reporting period:
1 July 2025 to 31 December 2025
Report filed on:
24 February 2026
Approved by:
Nick Chaffey
Payment statistics
Average time taken to pay invoices: 27 days
Total value paid:
- within 30 days: £54,943,000 (90%)
- in 31 to 60 days: £5,943,000 (10%)
- in 61 days or more: £357,000 (< 1%)
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 9%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £6,655,544
- payments due in the reporting period which have not been paid within the agreed period: 19%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms are 30 days, however there are exceptions that are made i.e. customs fees
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In the event an invoice is agreed by both parties to be incorrect the invoice is rejected and returned as unpaid. The supplier is requested to issue a full credit or replacement invoice or partial credit note.
If a suitable resolution cannot be agreed between the buyer and supplier, then either party can apply the dispute resolution process stated in the signed contract terms and conditions.
Our contracts typically allow for escalation within the organisations, encouraging mediation and arbitration as next steps to resolution.
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.
Yes, this business has signed up to: Fair Payment Code
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