GOV.UK
NATIONAL TUBE STOCKHOLDERS LIMITED
Company number: 01897183
Reporting period:
1 January 2020
to 30 June 2020
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 15 September 2020
and approved by JEANNE BIANCO
Payment statistics
Average time taken to pay invoices: 54 days
Invoices paid:
- within 30 days: 14%
- in 31 to 60 days: 42%
- in 61 days or more: 44%
Invoices due but not paid within agreed terms: 3 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
120 days
Standard payment terms
END OF MONTH FOLLOWING DATE OF INVOICE
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
MATERIAL SUPPLIED FOR STOCK ARE PAID AT END OF SECOND MONTH FOLLOWING INVOICE OR LATER BY AGREEMENT OR IF RELATED PARTY
Any other information about payment terms
INVOICES FOR DAY TO DAY RUNNING COSTS ARE PAID END OF MONTH FOLLOWING INVOICE
Dispute resolution process
WE WILL ATTEMPT TO RESOLVE ANY DISPUTED INVOICES PRIOR TO THE DUE DATE. IF THIS IS NOT POSSIBLE AND NOT ALL OF THE INVOICES DISPUTED WE WILL PAY THE UNDISPUTED AMOUNT.
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