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Company number: 03303053

Reporting period:
1 May 2019 to 31 October 2019

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

This report was filed on 29 November 2019

and approved by Surjit Kumar Bangar

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

Invoices due but not paid within agreed terms: 52 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

Unless otherwise stated in a purchase order, payment shall be made to the supplier within 60 days of the end of the month in which NSC receives a valid invoice, provided that the goods and/or complete services are provided on time as agreed. Payment terms can be viewed at:

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


Maximum contractual payment period agreed

90 days

Any other information about payment terms


Dispute resolution process

Purchase orders (POs) are provided to suppliers and suppliers are requested to provide invoices matching the PO. If value of works is to increase the supplier has to obtain an increased PO value. If there is a dispute the supplier resolves the issue with the project managers before payments are made.

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.


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?