NATIONAL GRID INTERCONNECTORS LIMITED
Company Information
- Company Number
- 03385525
- Registered Address
- 1-3 Strand, London, WC2N 5EH
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 June 1997
- Nature of Business
- 35120 - Transmission of electricity
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
NATIONAL GRID INTERCONNECTORS LIMITED demonstrates an average payment time of 29 days, with a notable trend where 50% of payments fall into the 31-60 day bracket. This indicates a consistent trajectory where a significant portion of invoices are paid just beyond a typical 30-day term.
Volatility Analysis
Payment reliability is high, with 98% of invoices settled within 60 days, suggesting a predictable payment cycle for suppliers. The extremely low percentage of payments over 60 days (2%) and late payments (1%) indicates minimal volatility and a low risk of unexpected, extended delays.
Summary Analysis
Overall, NATIONAL GRID INTERCONNECTORS LIMITED presents a low payment risk, with a generally reliable payment history and minimal late payments. Suppliers should plan for approximately half of their invoices to be paid within the 31-60 day window, adjusting cash flow expectations accordingly. The key decision factor is balancing the strong average payment time with the likelihood of payments extending slightly beyond 30 days for a substantial portion of invoices.
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 | 11 Nov 2025 | 29 | 48% | 50% | 2% | 1% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 32 | 44% | 53% | 3% | 14% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 27 | 60% | 38% | 2% | 10% |
| 01 Oct 2023 - 31 Mar 2024 | 02 May 2024 | 28 | 60% | 37% | 3% | 13% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 31 | 56% | 39% | 5% | 15% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 26 | 66% | 32% | 2% | 15% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 27 | 54% | 44% | 2% | 20% |
| 01 Oct 2021 - 31 Mar 2022 | 30 Apr 2022 | 28 | 53% | 43% | 4% | 20% |
| 01 Apr 2021 - 30 Sept 2021 | 31 Oct 2021 | 33 | 55% | 35% | 10% | 26% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 42 | 38% | 57% | 6% | 11% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 35 | 36% | 59% | 5% | 34% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 53 | 36% | 57% | 7% | 18% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 34 | 37% | 60% | 3% | 15% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 45 | 35% | 54% | 11% | 19% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 49 | 22% | 64% | 14% | 21% |
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 INTERCONNECTORS LIMITED is a private limited company, engaged in activities related to energy interconnectors within the National Grid system
Its operations are focused on facilitating connections between energy networks
The company was incorporated on 12 June 1997 and is registered in London, with its official address at 1-3 Strand, London, WC2N 5EH
Its company number is 03385525 and it maintains an active status
Companies operating in the field of energy interconnectors typically provide vital services for the transmission of electricity or gas
These services encompass the development, operation, and maintenance of infrastructure designed to link distinct national or regional energy grids, contributing to energy security and market integration in the UK
