NTT UNITED KINGDOM LIMITED
Company number: 01505004
Reporting period:
1 October 2025 to 31 March 2026
Report filed on:
28 April 2026
Approved by:
Rajul Kishore Modi
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: 52 days
Total value paid:
- within 30 days: £25,279 (23%)
- in 31 to 60 days: £50,208 (47%)
- in 61 days or more: £32,158 (30%)
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 61%
- in 61 days or more: 22%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £21,377
- payments due in the reporting period which have not been paid within the agreed period: 18%
- not made in the reporting period due to a dispute: 15%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard Payment Terms are 45 days. Payment Runs are performed
twice a month - the 5th & the 20th or closest working day.
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
Improvements in collaboration with the Vendors and across our internal Departments has enabled us to resolve queries in a more timely manner. The Partnership with our Offshore Partner continues to improve with a higher level of knowledge and a more stable relationship with the UK Business.
Dispute resolution process
All discrepancies are highlighted back to the Vendor upon receipt of the invoice. Both parties are expected to communicate to bring the query to a satisfactory conclusion. Disputed invoices are reviewed with the Internal Buyers. Invoices in query are held back from payment runs. If the dispute is not resolved within the Contractual Payment Terms this will be reflected in the data provided in this report. The aim is to resolve queries within the payment period
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