NATIONAL GAS TRANSMISSION PLC
Company Information
- Company Number
- 02006000
- Registered Address
- National Grid House Warwick Technology Park, Gallows Hill, Warwick, CV34 6DA
- Status
- Active
- Employee Count
- 2,244
- Turnover
- £1,551,000,000
- EBITDA
- £848,000,000
Additional Details
- Website
- https://lltransco.co.nz/
- Company Type
- Public limited Company
- Incorporated On
- 1 April 1986
- Nature of Business
- 35220 - Distribution of gaseous fuels through mains
- Industries
- Distribution And Delivery, Energy
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
NATIONAL GAS TRANSMISSION PLC demonstrates an average payment time of 28 days, suggesting a general intent for prompt settlement. While 54% of payments are completed within 30 days, a substantial 43% consistently extend into the 31-60 day bracket, indicating a recurring pattern for a significant portion of invoices. The low 3% rate for payments exceeding 60 days shows a consistent avoidance of severely prolonged delays.
Volatility Analysis
Payment predictability is moderate, with a nearly even split between invoices settled within 30 days (54%) and those extending to 31-60 days (43%). This distribution suggests suppliers should anticipate a significant portion of payments potentially landing in the second month. The 11% late payment rate introduces a minor reliability risk, though the very low 3% for payments over 60 days indicates a high predictability in avoiding extreme delays.
Summary Analysis
NATIONAL GAS TRANSMISSION PLC generally appears to be a manageable payment risk, demonstrating an average of 28 days and a low incidence of severe payment delays. Suppliers should account for the strong likelihood that nearly half of invoices will be settled between 31-60 days, requiring proactive cash flow planning. Overall, continued engagement is recommended, but with clear understanding and acceptance of the typical payment cycle extending beyond 30 days for a material portion of transactions.
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 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 31 | 50% | 47% | 3% | 12% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 24 | 70% | 27% | 4% | 19% |
| 01 Oct 2023 - 31 Mar 2024 | 25 Apr 2024 | 28 | 54% | 43% | 3% | 11% |
| 01 Apr 2023 - 30 Sept 2023 | 19 Oct 2023 | 28 | 51% | 47% | 2% | 13% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 26 | 58% | 40% | 2% | 14% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 29 | 47% | 51% | 2% | 11% |
| 01 Oct 2021 - 31 Mar 2022 | 30 Apr 2022 | 28 | 49% | 49% | 2% | 9% |
| 01 Apr 2021 - 30 Sept 2021 | 31 Oct 2021 | 31 | 45% | 52% | 3% | 13% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 40 | 17% | 80% | 3% | 9% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 44 | 11% | 83% | 6% | 26% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 44 | 13% | 82% | 6% | 14% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 46 | 10% | 82% | 8% | 15% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 45 | 11% | 82% | 7% | 18% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 45 | 12% | 82% | 6% | 16% |
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
We commit to the payment of all undisputed sums properly due to third party suppliers within 42 days of a receipt of a valid invoice into the Accounts Payable department that references a Purchase Order number. A small number of companies have standard terms that fall outside this.
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
76
Dispute Resolution Process
In first instance all queries and/or disputes to be taken up with the National Grid purchase order contact stated on the PO. For general PO or payment queries e-mail to be sent to box.g.frontdesk.businessservices.nationalgas.co.uk
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.
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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.
❌
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 GAS TRANSMISSION PLC is a Public limited Company primarily involved in the transmission of gas at a national level within the UK. Its name clearly indicates its specialisation in managing and operating infrastructure for gas transmission.
The company is active, holding company number 02006000, and was incorporated on 1 April 1986. Its registered office is located in the West Midlands at National Grid House Warwick Technology Park, Gallows Hill, Warwick, CV34 6DA.
Companies of this type, specialising in national gas transmission, typically manage the high-pressure gas pipeline network across a country. This involves the safe and reliable transportation of natural gas from import terminals and production facilities to regional distribution networks and large industrial consumers.
