Published reports

NATIONAL TUBE STOCKHOLDERS LIMITED

Company number: 01897183

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

Reporting period:

1 January 2020 to 30 June 2020

Report filed on:

15 September 2020

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%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 3%

Payment terms

Shortest standard payment periods

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

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

N/A

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 Fair 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