NATS (SERVICES) LIMITED
Company number: 04129270
Reporting period:
1 October 2018 to 31 March 2019
Report filed on:
23 April 2019
Approved by:
Nigel Fotherby
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 25%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 34%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
45 days
Standard payment terms
Subject to the proper performance of the contract, invoices which are correct in all material respects, properly addressed and bearing the Purchase Order number shall be paid by NATS within 30 days of receipt or as otherwise agreed in writing.
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
45 days
No further comment provided
Any other information about payment terms
Suppliers should send invoices to the Scottish Accounting Unit at: NATS Limited Citypoint 2nd Floor 65 Haymarket Terrace Edinburgh EH12 5HD Or by email to plservices@nats.co.uk Invoices should quote a valid purchase order number
Dispute resolution process
We will inform suppliers promptly when invoices are contested. Any complaints from suppliers regarding non-payment will be dealt with in an effective and timely manner.
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.
Yes
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