Score of 83.2/100 qualifies for PaymentCheck Certification
| 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 Jul 2025 - 31 Dec 2025 | 20 Mar 2026 | 25 | 73% | 26% | 1% | 1% |
| 01 Jan 2025 - 30 Jun 2025 | 20 Mar 2026 | 25 | 67% | 32% | 1% | 6% |
| 01 Jun 2024 - 31 Dec 2024 | 25 Feb 2025 | 19 | 98% | 1% | 1% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 05 Aug 2024 | 23 | 78% | 18% | 4% | 28% |
| 01 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 28 | 59% | 37% | 4% | 39% |
| 01 Jan 2023 - 30 Jun 2023 | 15 Aug 2023 | 22 | 77% | 21% | 2% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 07 Feb 2023 | 24 | 71% | 25% | 4% | 28% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 22 | 75% | 23% | 2% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 22 | 78% | 21% | 1% | 19% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 23 | 73% | 26% | 1% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jul 2021 | 23 | 76% | 23% | 2% | 17% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2021 | 22 | 75% | 23% | 2% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 21 | 67% | 28% | 5% | 27% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 18 | 82% | 17% | 1% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 18 | 82% | 17% | 1% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard is 30 days, When providing our PO to supplier we explicitly inform on those. Only with high exception do we use less payment days to settle Ap billing.
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
AP dep will inform PO requisitioner on any issue with AP billing received. Requisitioner will manage the dispute, Billing on hold till resolved.
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
BritNed Development Limited is registered in London and classified under the transmission of electricity. It was originally incorporated in 2001 under the name Meaujo (544) Limited before adopting its current name shortly afterwards. Companies House records confirm the company remains active, with its nature of business recorded as electricity transmission. The available evidence does not describe specific projects, infrastructure or commercial activities beyond this classification, but the SIC coding indicates the company operates within the electricity transmission sector rather than generation, supply or distribution. No further operational detail, such as specific assets or services, is provided in the evidence reviewed.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk