N & C BUILDING PRODUCTS LIMITED

Company number: 00000140

Reporting period:
1 January 2020 to 30 June 2020

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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 periods

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?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

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, this business has not signed up to a code of conduct or standards on payment practices.

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