NCC GROUP SECURITY SERVICES LIMITED

Company number: 04474600

Reporting period:
1 December 2021 to 31 May 2022

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

This report was filed on 15 July 2022

and approved by Tim Kowalski

Payment statistics

Average time taken to pay invoices: 42 days

Invoices paid:

within 30 days: 27%
in 31 to 60 days: 59%
in 61 days or more: 14%

Invoices due but not paid within agreed terms: 39%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

45 days

Standard payment terms

Invoices will be paid by NCC Group at the end of the month following the month in which NCC Group receives the invoice. There have been no changes to NCC Group’s Standard payment terms in the reporting period.

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

Answer not provided

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

N/A

Maximum contractual payment period agreed

45 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

In the rare circumstances where disputes do arise, NCC Group will work, quickly, transparently and collaboratively with its supplier in order to establish facts surrounding the dispute and agree a fair resolution for both parties.

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, 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.

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.

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?