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NATS (SERVICES) LIMITED

Company number: 04129270

Reporting period:
1 October 2019 to 31 March 2020

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

This report was filed on 29 April 2020

and approved by Alistair Borthwick

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 64%
• in 31 to 60 days: 28%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 30 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

45 days

Standard payment terms

Subject to the proper performance of the contract, invoices which are correct in all material respects, properly addressed and bearing the Purchase Order number shall be paid within 30 days of receipt or as otherwise agreed in writing.

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

Suppliers should send invoices to the Scottish Accounting Unit at:
NATS Limited
Citypoint
2nd Floor
65 Haymarket Terrace
Edinburgh
EH12 5HD
Or by email to plservices@nats.co.uk
Invoices should quote a valid purchase order number

Dispute resolution process

We will inform suppliers promptly when invoices are contested. Any complaints from suppliers regarding non-payment will be dealt with in an effective and timely manner.

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.

Yes

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