NATIONAL GRID ELECTRICITY DISTRIBUTION (SOUTH WEST) PLC
Company Information
- Company Number
- 02366894
- Registered Address
- Avonbank, Feeder Road, Bristol, Avon, BS2 0TB
- Status
- Active
- Employee Count
- 1,580
- Turnover
- £447,400,000
- EBITDA
- £282,900,000
Additional Details
- Website
- https://westernpower.co.uk
- Company Type
- Public limited Company
- Incorporated On
- 1 April 1989
- Nature of Business
- 35130 - Distribution of electricity
- Industries
- Coming Soon
- Region
- South West
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 | 06 Nov 2025 | 20 | 91% | 7% | 2% | 9% |
| 01 Oct 2024 - 31 Mar 2025 | 07 Nov 2025 | 17 | 92% | 7% | 1% | 7% |
| 01 Apr 2023 - 30 Sept 2023 | 25 Oct 2023 | 17 | 93% | 6% | 1% | 5% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 17 | 93% | 6% | 1% | 7% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 17 | 93% | 6% | 1% | 15% |
| 01 Apr 2021 - 30 Sept 2021 | 21 Oct 2021 | 16 | 95% | 4% | 1% | 9% |
| 01 Oct 2020 - 31 Mar 2021 | 26 Apr 2021 | 15 | 94% | 5% | 1% | 11% |
| 01 Apr 2019 - 30 Sept 2019 | 23 Oct 2019 | 16 | 93% | 6% | 1% | 17% |
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
National Grid Electricity Distribution do have different types of standard contracts depending on the product, service or works but the standard payment terms for the majority of our contracts is Net Monthly - this means payment will be due on the last day of the month following the one in which NGED receives a correctly rendered invoice. This also applies to purchase orders raised with no formal contract in place.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The invoice delivery address is detailed on the purchase order. If a valid invoice is received promptly at the correct invoicing address, quoting a valid purchase order it will be processed in a timely manner to ensure the Invoice is paid on or before the invoice due date.
Maximum contractual payment period agreed
61
Dispute Resolution Process
Invoice disputes and/or general enquiries regarding the status of an invoice would be dealt with by Accounts Payable Initially. If the enquiry could not be resolved it would be escalated to either the person responsible for raising the Order or the appropriate Business Management. For specific contractual disputes, the relevant member of the Procurement team would be contacted to resolve as quickly as possible.
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.
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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
Company Summary
National Grid Electricity Distribution (South West) PLC is a leading electricity distribution company in the South West region of the United Kingdom. They are responsible for the safe and reliable distribution of electricity to over 2.5 million homes and businesses in the area.
As part of their commitment to sustainability, National Grid Electricity Distribution (South West) PLC has implemented various initiatives to reduce their environmental impact. This includes investing in renewable energy sources, promoting energy efficiency, and reducing carbon emissions.
Their products and services include the distribution and maintenance of electricity infrastructure, as well as offering support and advice to customers on energy efficiency and managing their energy usage.
The key people at National Grid Electricity Distribution (South West) PLC include their Managing Director, who oversees the overall operations of the company, and their team of engineers and technicians who work tirelessly to ensure a reliable supply of electricity to their customers.
For more information, customers can visit their website at www.nationalgrid.com/southwest or contact them at their registered office address at 1-3 Sheldon Square, London, W2 6PR. National Grid Electricity Distribution (South West) PLC is committed to providing high-quality and sustainable electricity services to their customers in the South West region.
