Score of 85.9/100 qualifies for PaymentCheck Certification
NATIONAL GAS METERING LIMITED demonstrates a strong positive trend in payment speed, averaging 24 days and settling 73% of invoices within 30 days. This indicates a consistent operational efficiency in managing payables, suggesting a reliable trajectory for timely payments.
Payment reliability for NATIONAL GAS METERING LIMITED is high, with only a 4% late payment rate, indicating predictable financial operations from a supplier perspective. While 25% of payments extend into the 31-60 day window and 2% exceed 60 days, the overall risk of prolonged payment delays is low.
Based on their strong average payment time of 24 days and high percentage of on-time payments, NATIONAL GAS METERING LIMITED presents a very low payment risk for suppliers. Suppliers can proceed with confidence; however, for larger contracts, consider monitoring the 27% of invoices that extend beyond 30 days to mitigate minor cash flow variations.
| 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 2024 - 31 Mar 2025 | 29 Apr 2025 | 24 | 76% | 23% | 1% | 4% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 20 | 79% | 20% | 1% | 13% |
| 01 Oct 2023 - 31 Mar 2024 | 25 Apr 2024 | 24 | 73% | 25% | 2% | 4% |
| 01 Apr 2023 - 30 Sept 2023 | 19 Oct 2023 | 24 | 73% | 25% | 2% | 5% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 21 | 77% | 23% | 0% | 4% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 24 | 49% | 49% | 2% | 11% |
| 01 Oct 2021 - 31 Mar 2022 | 30 Apr 2022 | 24 | 71% | 28% | 1% | 8% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 24 | 74% | 25% | 1% | 6% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 34 | 58% | 40% | 2% | 13% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 34 | 50% | 47% | 3% | 27% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 39 | 31% | 66% | 3% | 9% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 39 | 21% | 75% | 4% | 13% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 36 | 36% | 59% | 5% | 15% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 35 | 43% | 53% | 4% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We commit to the payment of all undisputed sums properly due to third party suppliers within 42 days of a receipt of a valid invoice into the Accounts Payable department that references a Purchase Order number. A small number of companies have standard terms that fall outside this.
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
In first instance all queries and/or disputes to be taken up with the National Grid purchase order contact stated on the PO. For general PO or payment queries e-mail to be sent to box.g.frontdesk.businessservices@nationalgas.com
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
National Gas Metering Limited is part of the National Gas group, Britain's national gas network. Within the group it manages and maintains millions of traditional gas metering installations across Great Britain, covering connection, installation, management and maintenance of meters used by homes and businesses. It operates alongside sister businesses National Gas Transmission, which owns and operates the high-pressure National Transmission System, and National Gas Services, which carries out pipeline repair and maintenance. The wider group became a stand-alone organisation in January 2023 after National Grid plc sold a 60% stake in its Gas Transmission and Metering business. National Gas Metering's own role is specifically the ownership and upkeep of gas meters, not pipeline transportation.
Generated from the company's website and Companies House records. Sources: nationalgas.com · nationalgas.com · nationalgas.com