| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Oct 2025 - 31 Mar 2026 | 07 May 2026 | 42 | 17% | 49% | 34% | 0% |
| 01 Apr 2025 - 30 Sept 2025 | 27 Oct 2025 | 40 | 9% | 79% | 12% | 0% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 39 | 19% | 76% | 5% | 0% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 39 | 28% | 67% | 5% | 1% |
| 01 Oct 2023 - 31 Mar 2024 | 12 Apr 2024 | 51 | 5% | 81% | 14% | 0% |
| 01 Apr 2023 - 30 Sept 2023 | 11 Oct 2023 | 51 | 3% | 82% | 15% | 0% |
| 01 Oct 2022 - 31 Mar 2023 | 24 Apr 2023 | 51 | 5% | 79% | 16% | 0% |
| 01 Apr 2022 - 30 Sept 2022 | 19 Oct 2022 | 44 | 18% | 71% | 11% | 0% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 50 | 7% | 79% | 14% | 0% |
| 01 Apr 2021 - 30 Sept 2021 | 21 Oct 2021 | 46 | 15% | 73% | 12% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 23 Apr 2021 | 201 | 9% | 16% | 75% | 0% |
| 01 Oct 2019 - 31 Mar 2020 | 14 Apr 2020 | 46 | 11% | 80% | 9% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 17 Oct 2019 | 44 | 13% | 77% | 10% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 15 Apr 2019 | 44 | 17% | 74% | 9% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 52 | 15% | 77% | 8% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Nec Ltd shall pay invoiced amounts by the first working day of the third month, following the month in which the correctly rendered invoice is received from the supplier.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Disputes and complaints are considered/resolved by a member of the AP Department. Escalating where appropriate to the requisitioning department/manager, by telephone and/or email. Notes are held on the supplier's account concerning the dispute and/or copy email correspondence is saved in outlook folders or our electronic filing system. Minor disputes are usually resolved within 24 hours but may take longer if the dispute is of a more complicated nature.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
National Exhibition Centre Limited is the registered company operating the NEC in Birmingham, part of what now trades as the NEC Group under the branding 'Nation's Experience Capital'. The venue provides exhibition halls, conference suites and outdoor spaces used for exhibitions, trade shows, conferences, concerts and family events. It hosts organisers, exhibitors and visitors, offering facilities such as parking, food and drink services, and event hosting support. Since opening in 1976 the site has expanded from seven exhibition halls to eighteen, alongside 32 conference suites. The company's SIC classification is head office activities, reflecting its role within the wider group that manages venues including bp pulse LIVE and Utilita Arena Birmingham.
Generated from the company's website and Companies House records. Sources: necgroup.co.uk · necgroup.co.uk