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NORTHERN GAS NETWORKS OPERATIONS LIMITED

Company number: 03528783

Reporting period:
1 October 2022 to 31 March 2023

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

This report was filed on 20 April 2023

and approved by David Waite

Payment statistics

Average time taken to pay invoices: 26 days

Invoices paid:

• within 30 days: 71%
• in 31 to 60 days: 24%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 25 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

61 days

Standard payment terms

30 days from the month end following the date of the invoice.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

61 days

Northern Gas Networks (NGN) applies distinct payment terms of 7 days, to a group of suppliers that come under the name of Direct Service Providers (DSPs). NGN are contractually obliged to pay DSPs within 14 days, and to facilitate these payments, payment terms are set to 7 days.

Any other information about payment terms

N/A

Dispute resolution process

Suppliers are contacted if there is a dispute with their invoice or PO, a mismatch of quantity or standards of goods/services received. This query could be handled by either the requisitioner or the accounts payable team or a combination of both. A report is issued twice a week to promote resolution of queries. If a dispute is ongoing, it is escalated to a senior member of the finance team.

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