NATIONAL EXHIBITION CENTRE LIMITED (THE)
Company Information
- Company Number
- 00979395
- Registered Address
- National Exhibition Centre, Birmingham West Midlands, B40 1NT
- Status
- Active
- Employee Count
- 653
- Turnover
- £186,056,000
- EBITDA
- £50,828,000
Additional Details
- Website
- https://www.necgroup.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 12 May 1970
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Lifestyle And Entertainment
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 Apr 2025 - 30 Sept 2025 | 27 Oct 2025 | 40 | 9% | 79% | 12% | 0% |
| 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 Apr 2022 - 30 Sept 2022 | 19 Oct 2022 | 44 | 18% | 71% | 11% | 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 Apr 2019 - 30 Sept 2019 | 17 Oct 2019 | 44 | 13% | 77% | 10% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 52 | 15% | 77% | 8% | 0% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
91
Dispute Resolution Process
Disputes and complaints are considered/resolved by a member of the AP Department. Escalating where appropriate to 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.
Other Payment Information
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
NATIONAL EXHIBITION CENTRE LIMITED (THE) is a leading exhibition and events company in the UK. They offer a range of services such as event planning, venue hire, and event management. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes measures such as using renewable energy sources, reducing waste through recycling and reusing materials, and promoting sustainable transport options for visitors and staff. They also work with their suppliers to ensure they adhere to sustainable practices.
The company's main product is the NEC, a state-of-the-art exhibition and conference center located in Birmingham. The venue hosts a variety of events, including trade shows, conferences, and live performances. It has a total area of 611 acres and has 20 interconnected halls, making it one of the largest exhibition centers in Europe.
Some key people in the company include Paul Thandi, the CEO, and Kathryn James, the Managing Director of the NEC Group. They are responsible for driving the company's growth and ensuring the success of events held at the NEC.
The contact information for NATIONAL EXHIBITION CENTRE LIMITED (THE) is as follows:
- Website address: https://www.thenec.co.uk/ - Registered office address: National Exhibition Centre, Birmingham, B40 1NT, United Kingdom.
In conclusion, NATIONAL EXHIBITION CENTRE LIMITED (THE) is a prominent exhibition and events company that offers sustainable solutions to their clients while providing a world-class venue for events. Their commitment to sustainability, along with their dedicated team, makes them a top choice for hosting events in the UK.
