NOTTINGHAM CITY TRANSPORT LIMITED
Company number: 02004967
Reporting period:
1 October 2019
to 31 March 2020
This report was filed on 21 April 2020
and approved by Rob Hicklin
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 52%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
In general, NCT pays suppliers within a maximum of 60 days of receipt of a valid invoice. We have a large range of suppliers and a similarly large range of individual terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
NCT works closely with suppliers to ensure fair and equitable treatment.
Dispute resolution process
NCT operates in a fair, accessible and flexible manner, disputes are very rare, and any query is generally immediately addressed.
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