NATIONAL GRID COMMERCIAL HOLDINGS LIMITED
Company number: 04042700
1 April 2019
to 30 September 2019
This report was filed on 30 October 2019
and approved by Simon Grant
Average time taken to pay invoices: 46 days
- within 30 days: 16%
- in 31 to 60 days: 74%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 20 %
Standard payment period for qualifying contracts
Standard payment terms
We commit to the payment of all undisputed sums properly due to third party suppliers within 42 days of a receipt of a valid invoice into the Accounts Payable department that references a Purchase Order number. A small number of companies have standard terms that fall outside this.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
In first instance all queries and/or disputes to be taken up with the National Grid purchase order contact stated on the PO. For general PO or payment queries e-mail to be sent to firstname.lastname@example.org or telephone 0845 677 7000.
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.
Yes – Prompt 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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?