N & C BUILDING PRODUCTS LIMITED
Company number: 00000140
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 21 July 2020
and approved by David Cooper
Payment statistics
Average time taken to pay invoices: 65 days
Invoices paid:
- within 30 days: 11%
- in 31 to 60 days: 39%
- in 61 days or more: 50%
Invoices due but not paid within agreed terms: 70 %
Payment terms
Shortest standard payment period
45 days
Longest standard payment period
90 days
Standard payment terms
N&C Building Products Limited's standard payment terms are forty five days from the receipt of a valid and accurate invoice from UK suppliers and ninety days for overseas suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
N/A
Any other information about payment terms
The CoVid19 pandemic impacted the speed of payment to suppliers. All suppliers have been now been paid in full for valid invoices received.
Dispute resolution process
N&C Building Products Limited is committed to acting fairly and with integrity in its dealings with all its suppliers. A dedicated Accounts Payable team serves as the first point of contact in the dispute resolution process. They are supported by a defined escalation process to senior finance managers and directors if necessary.
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