NATIONAL TUBE STOCKHOLDERS LIMITED
Company number: 01897183
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 25 July 2019
and approved by Jeanne Bianco
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 14%
- in 31 to 60 days: 53%
- in 61 days or more: 32%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
60 days
Longest standard payment period
120 days
Standard payment terms
End of Month Following Invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Any other information about payment terms
Material supplied for stock are paid at end of second month following invoice, or later by agreement or if related party.
Invoices for day to day running costs are paid at the end of month following invoice.
Dispute resolution process
We will attempt to resolve any disputed invoice prior to the due date. If this is not possible, and not all the invoice is in dispute we will pay undisputed amount.
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