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NSG ENVIRONMENTAL LIMITED

Company number: 02769182

Reporting period:
1 April 2023 to 30 September 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 17 October 2023

and approved by Jim Porter

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 34%
• in 31 to 60 days: 64%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 0 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

NSG Environmental Ltd shall endeavour to make timely payment to the Supplier based on the following terms:
• EOM (End of Month) from the supplier invoice date plus thirty days
• Invoice being deemed valid, approved and undisputed in accordance with the terms of the Contract.

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Suppliers should initially raise a query with their main contact within the organisation, such as the project manager, procurement or accounts team. Upon receipt of the challenge and agreement of facts from both parties, a possible resolution may be proposed based on the relevant provisions as set out in the specific contract terms.

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