NATIONAL GRID ELECTRICITY TRANSMISSION PLC
Company Information
- Company Number
- 02366977
- Registered Address
- 1 - 3 Strand, London, WC2N 5EH
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 1 April 1989
- Nature of Business
- 35120 - Transmission of electricity
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time for NATIONAL GRID ELECTRICITY TRANSMISSION PLC is 30 days, however, a significant trend shows 51% of payments occur between 31 and 60 days. This indicates that while the average is on target, suppliers should anticipate payments often extending into the second month.
Volatility Analysis
Payments are highly predictable, with 98% of invoices settled within 60 days and only 1% officially marked as late. The primary risk factor for suppliers is the strong likelihood of payments landing in the 31-60 day bracket rather than strictly within 30 days.
Summary Analysis
Suppliers should anticipate a payment cycle typically ranging from 30 to 60 days, rather than consistently within 30 days. While the overall risk of non-payment or extreme delay is very low, suppliers must adjust cash flow forecasts to accommodate the prevalent 31-60 day payment window.
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 | 17 Nov 2025 | 30 | 47% | 51% | 2% | 1% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 31 | 44% | 53% | 3% | 8% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 30 | 50% | 47% | 3% | 10% |
| 01 Oct 2023 - 31 Mar 2024 | 02 May 2024 | 31 | 46% | 52% | 2% | 7% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 30 | 49% | 49% | 2% | 10% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 28 | 58% | 40% | 2% | 13% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 29 | 48% | 50% | 2% | 8% |
| 01 Oct 2021 - 31 Mar 2022 | 30 Apr 2022 | 28 | 50% | 47% | 3% | 8% |
| 01 Apr 2021 - 30 Sept 2021 | 31 Oct 2021 | 31 | 48% | 50% | 2% | 12% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 39 | 23% | 75% | 2% | 8% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 43 | 13% | 82% | 5% | 20% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 44 | 15% | 81% | 4% | 10% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 46 | 12% | 81% | 8% | 15% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 42 | 13% | 82% | 5% | 14% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 41 | 14% | 82% | 4% | 11% |
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
42 days from invoice date
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
60
Dispute Resolution Process
All disputes raised will be handled by a combination of the dedicated Purchase to Pay team, the Procurement team and the business unit working with the supplier
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 GRID ELECTRICITY TRANSMISSION PLC is an active public limited company, as indicated by its name, it specialises in electricity transmission
Its core function involves the large-scale movement of electrical power
The company was incorporated on 1 April 1989 and operates from London
Its registered office is situated at 1 - 3 Strand, London, WC2N 5EH, and it is registered under company number 02366977
In the UK market, companies focusing on electricity transmission are typically responsible for the operation and maintenance of the high-voltage transmission network
This includes ensuring the secure and efficient bulk transfer of electricity from generation sources to regional distribution networks across the country
