NTT SECURITY (UK) LIMITED
Company Information
- Company Number
- 03403334
- Registered Address
- 1 King William Street, London, England, EC4N 7AR
- Status
- Liquidation
- Employee Count
- Coming Soon
- Turnover
- £6,374,782
- EBITDA
- -£449,726
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 July 1997
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Safety And Security, Software
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
NTT SECURITY (UK) LIMITED exhibits a consistent trend of extended payment cycles, with an average payment time of 39 days. A substantial 51% of invoices are paid over 60 days, while only 20% are settled within the standard 30-day term. This trajectory suggests a habitual delay in fulfilling payment obligations.
Volatility Analysis
The payment behavior of NTT SECURITY (UK) LIMITED demonstrates significant volatility and low predictability for suppliers. With 51% of payments extending beyond 60 days and only 20% settled within 30 days, reliable cash flow forecasting is challenging. The 9% late payment rate further underscores the inherent risk of unpredictable payment timeliness.
Summary Analysis
Given the prolonged average payment time and high incidence of payments exceeding 60 days, suppliers should approach NTT SECURITY (UK) LIMITED with caution. Key decision factors include the necessity of factoring in significantly extended payment cycles for cash flow planning. It is recommended that suppliers consider implementing stricter payment terms, such as requesting partial upfront payments or adjusting pricing to compensate for potential delays.
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 2018 - 31 Mar 2019 | 01 May 2019 | 39 | 20% | 29% | 51% | 9% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 34 | 32% | 68% | 0% | 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
Our standard payment terms is 30 days end of month
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
Process for dispute resolution for overdue invoices Resolving invoices in dispute can be a time consuming exercise. These can be straightforward errors for example: • value incorrect • purchase order not quoted on invoice • not enough information on invoice Occasionally you will receive invoices in dispute that will require help from outside your department for example: • Professional Services worked carried out, but invoiced wrong value/quantity – this would need the help from your Resource Management Department to confirm and sign off • Goods received – ordering department realize they are not what they want • Invoiced in advanced but payment terms are still the same – even when goods haven’t arrived – being chased for payment • quantity ordered only part of the order received – invoiced in full All of these disputes should be resolved in a timely manner. First port of call is to review invoice and gather all relevant information relating to this order
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?
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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
NTT SECURITY (UK) LIMITED is a private limited company that specialised in the provision of security services or products.
Incorporated on 14 July 1997, the company operates under company number 03403334. Its registered office is located at 1 King William Street, London, England, EC4N 7AR, within London. The company is currently in liquidation.
Typically, organisations operating in the UK market with 'security' in their name provide services such as cybersecurity solutions, physical security installations, risk management, security consulting, and data protection for businesses.
