NATIONAL GRID ELECTRICITY DISTRIBUTION (WEST MIDLANDS) PLC

PaymentCheck Score 2025
91Excellent
#813 in UK
#58 in Property
#37 in South West

Company Information

Company Number
03600574
Registered Address
Avonbank, Feeder Road, Bristol, BS2 0TB
Status
Active
Employee Count
1,973
Turnover
£670,000,000
EBITDA
£427,500,000

Additional Details

Company Type
Public limited Company
Incorporated On
20 July 1998
Nature of Business
35130 - Distribution of electricity
Industries
Property,Infrastructure And Construction
Region
South West

Time to Pay

Average Time to Pay
22 days
Shortest Period:7 days
Longest Period:61 days
Max Contractual:61 days

Payment Timeline

Within 30 Days
90%
31-60 Days
6%
After 60 Days
4%
Not Paid Within Terms10%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-10-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2025 - 30 Sept 202506 Nov 20252089%7%4%11%
01 Oct 2024 - 31 Mar 202507 Nov 20252290%6%4%10%
01 Apr 2023 - 30 Sept 202325 Oct 20232091%7%2%8%
01 Oct 2022 - 31 Mar 202328 Apr 20231992%4%4%7%
01 Apr 2022 - 30 Sept 202227 Oct 20221894%4%2%11%
01 Apr 2021 - 30 Sept 202121 Oct 20211794%5%1%10%
01 Oct 2020 - 31 Mar 202126 Apr 20211795%4%1%11%
01 Apr 2019 - 30 Sept 201923 Oct 20191893%6%1%13%

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.

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 DISTRIBUTION (WEST MIDLANDS) PLC is a leading electricity distribution company in the UK that serves the West Midlands region. The company is committed to providing reliable and sustainable electricity services to its customers.

As part of its sustainability program, the company has implemented various initiatives to reduce its carbon footprint and promote clean energy. This includes investment in renewable energy sources, such as wind and solar power, and the implementation of energy efficiency measures in its operations.

The company's products and services include electricity distribution, metering, and maintenance services. It also offers smart metering solutions that help customers track their energy usage and make more informed decisions about their consumption.

The key people at NATIONAL GRID ELECTRICITY DISTRIBUTION (WEST MIDLANDS) PLC include its managing director, who oversees the company's operations, and a team of experienced professionals who work tirelessly to ensure the smooth and efficient delivery of electricity services.

To contact the company, customers can visit its website at www.nationalgrid.com/westmidlands or call its customer service number at 0800 389 8000. The registered office address is at 1-3 Sheldon Square, London, W2 6TT. Overall, NATIONAL GRID ELECTRICITY DISTRIBUTION (WEST MIDLANDS) PLC is dedicated to providing sustainable and reliable electricity services to its customers while also promoting a greener future.

Financial Metrics

Cash
£500,000
Net Worth
£2,125,600,000
Total Current Assets
£95,700,000
Total Current Liabilities
£338,900,000

Company Location