NATIONAL GRID COMMERCIAL HOLDINGS LIMITED
Company Information
- Company Number
- 04042700
- Registered Address
- 1-3 Strand, London, WC2N 5EH
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 28 July 2000
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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% |
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
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 valid 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
Whilst payment terms remained consistent during the period, payment processing was suspended during October due a systems outage.
Maximum contractual payment period agreed
42
Dispute Resolution Process
In the first instance all queries and/or disputes should 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.frontdesk.businessservices@nationalgrid.com
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?
❌
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 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.
