NNXYZ LIMITED
Company Information
- Company Number
- 03477297
- Registered Address
- No.1 Forbury Place, 43 Forbury Road, Reading, United Kingdom, RG1 3JH
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 2 December 1997
- Nature of Business
- 61900 - Other telecommunications activities
- Industries
- Telecommunications
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
NNXYZ LIMITED's average payment time is 32 days, indicating that while 80% of payments are settled within 30 days, a significant portion extends beyond standard terms. This shows a consistent pattern where some payments will experience minor to moderate delays past the typical one-month period.
Volatility Analysis
With 36% of payments classified as late, NNXYZ LIMITED presents a moderate level of payment volatility and reduced predictability for suppliers. The 20% of payments extending beyond 30 days, including 6% over 60 days, introduces tangible cash flow risk. Suppliers should anticipate that a notable percentage of invoices will not be paid within standard 30-day terms.
Summary Analysis
Overall, NNXYZ LIMITED represents a moderate payment risk; while the majority of payments are timely, over a third are late, impacting cash flow predictability for suppliers. Key decision factors include the 32-day average and the 36% late payment rate, necessitating careful credit term negotiation. Suppliers should consider strategies like shorter payment terms or staggered invoicing to mitigate 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 2020 - 31 Mar 2021 | 28 Apr 2021 | 32 | 80% | 14% | 6% | 36% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 29 | 79% | 14% | 7% | 46% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 33 | 74% | 15% | 11% | 58% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 34 | 65% | 25% | 10% | 84% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 40 | 65% | 20% | 15% | 68% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 53 | 58% | 23% | 19% | 82% |
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
SSE's standard payment terms are Nett 30 days but buyers are authorised to negotiate alternative terms with individual suppliers where appropriate.
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
45
Dispute Resolution Process
1) Suppliers can obtain an update on the status of their invoices by following the Accounts Payable Unpaid Escalation Process which is clearly detailed in the Payment Guidance section at http://sse.com/potential-suppliers/. Where the issue relates to the approval of the invoice suppliers may be referred to the "orderer". 2) Alternatively suppliers can also contact the "orderer" directly using the details provided on the Purchase 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.
❌
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
NNXYZ LIMITED is an active private limited company. Based solely on its name and company type, the specific business activities undertaken by NNXYZ LIMITED are not indicated.
The company holds company number 03477297 and was incorporated on 2 December 1997. Its registered office is located at No.1 Forbury Place, 43 Forbury Road, Reading, United Kingdom, RG1 3JH, placing it within the South East region.
As a private limited company, NNXYZ LIMITED operates under a legal structure that limits shareholder liability. This company type is commonly utilised across all sectors of the UK economy, enabling organisations to undertake a wide variety of business activities, such as providing goods, services, or consultancy.
