NORTHERN GAS NETWORKS OPERATIONS LIMITED
Company number: 03528783
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
30 October 2018
Approved by:
Mr David Waite
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 30%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 17%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
61 days
Standard payment terms
30 days to month end following from 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
61 days
No
Any other information about payment terms
Northern Gas Networks applies distinct payment terms of 8 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 payment terms payment is set at 8 days.
Dispute resolution process
Suppliers are contacted if there is a dispute with PO or invoice, mismatch or standard of goods/services provided. This query would be handled by either or both of the requisitioner or Accounts Payable Team. A report is distributed twice a week to prompt resolution of the query to ensure clearance by payment terms. If the dispute is on going the query is escalated to Accounts Payable Manager
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