NATIONAL GRID COMMERCIAL HOLDINGS LIMITED demonstrates a strong trend towards timely payments, with an impressive average payment time of 23 days. A substantial 70% of invoices are consistently settled within 30 days, indicating efficient processing for the majority of transactions. However, a significant 27% of payments fall into the 31-60 day bracket, suggesting some variability in the overall payment trajectory.
While the majority of payments are reliable and predictable within 30 days, the presence of 17% late payments and 3% extending beyond 60 days introduces a minor degree of unpredictability for suppliers. This indicates that while prompt payment is standard, a portion of invoices may not adhere to strict 30-day terms. Suppliers should recognize a low but present risk of minor cash flow disruption for a minority of transactions due to these extended payment periods.
Overall, NATIONAL GRID COMMERCIAL HOLDINGS LIMITED is a largely reliable payer, with most invoices settled well within typical commercial terms, making them a favorable partner. Suppliers should consider the high probability of prompt payment but remain aware of the 17% late payment rate, particularly the 3% exceeding 60 days. To mitigate potential minor cash flow variability, suppliers could factor in a slight buffer for a small percentage of invoices.
| 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 2025 - 31 Mar 2026 | 30 Apr 2026 | 21 | 65% | 34% | 1% | 1% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 24 | 57% | 42% | 1% | 8% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 22 | 61% | 37% | 2% | 7% |
| 01 Oct 2023 - 31 Mar 2024 | 02 May 2024 | 25 | 53% | 46% | 1% | 6% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 23 | 70% | 27% | 3% | 17% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 24 | 57% | 41% | 2% | 17% |
| 01 Oct 2021 - 31 Mar 2022 | 30 Apr 2022 | 24 | 59% | 40% | 2% | 18% |
| 01 Apr 2021 - 30 Sept 2021 | 31 Oct 2021 | 32 | 48% | 48% | 4% | 18% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 41 | 23% | 72% | 5% | 17% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 41 | 16% | 79% | 5% | 29% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 40 | 22% | 73% | 4% | 17% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 46 | 16% | 74% | 10% | 20% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 39 | 23% | 70% | 7% | 21% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 42 | 18% | 74% | 8% | 21% |
This information is as reported by the business, and responses are in their own words.
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
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
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 GRID COMMERCIAL HOLDINGS LIMITED is an active private limited company. Its name indicates its involvement in commercial activities and holding interests within the scope of the National Grid.
Incorporated on 28 July 2000, the company operates as an active entity with company number 04042700. Its registered office is located at 1-3 Strand, London, WC2N 5EH.
As a private limited company primarily focused on commercial holdings in the UK market, typical activities include managing investments, holding shares in other entities, and overseeing a portfolio of commercial assets. Such companies often engage in strategic financial management and provide administrative functions for their holdings.
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