GOV.UK
NSC GLOBAL LIMITED
Company number: 03303053
Reporting period:
1 November 2019
to 30 April 2020
This report was filed on 29 May 2020
and approved by Sascha Groeger
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 32%
- in 61 days or more: 20%
Invoices due but not paid within agreed terms: 62 %
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: https://nscglobal.com/en/purchase-terms/
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
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.
Any other information about payment terms
N/A
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.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