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NORTHERN GAS NETWORKS OPERATIONS LIMITED

Company number: 03528783

Reporting period:
1 October 2018 to 31 March 2019

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This information is as reported by the business, and responses are in their own words.

This report was filed on 26 April 2019

and approved by David Waite

Payment statistics

Average time taken to pay invoices: 28 days

Invoices paid:

• within 30 days: 64%
• in 31 to 60 days: 31%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 17 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

61 days

Standard payment terms

30 days to month end following from date of invoice.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

61 days

Northern Gas Networks (NGN) applies distinct payment terms of 8 days to a group of suppliers that come under the name of Direct Service Providers (DSPs). NGN are contractually obliged to pay DSPs within 14 days, and to facilitate these payment terms payment is set at 8 days.

Any other information about payment terms

N/A

Dispute resolution process

Suppliers are contacted if there is a dispute with PO or invoice, mismatch or standard of goods/services provided. This query would be handled by either or both of the requisitioner or accounts payable team. A report is distributed twice a week to prompt resolution of the query to ensure clearance by payment terms. If the dispute is ongoing the query is escalated to the accounts payable manager.

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

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