NORTHERN TRUST GLOBAL SERVICES PLC
Company Information
- Company Number
- 04795756
- Registered Address
- 50 Bank Street, London, E14 5NT
- Status
- Converted / Closed
- Employee Count
- 76
- Turnover
- £158,000,000
- EBITDA
- £47,000,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 11 June 2003
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The payment data for NORTHERN TRUST GLOBAL SERVICES PLC demonstrates an exceptionally strong trend of immediate payment, consistently achieving an average payment time of 0 days. This indicates a highly stable and rapid payment trajectory, as 100% of invoices are settled within the first 30 days with no payments extending beyond this period.
Volatility Analysis
Payment behavior from NORTHERN TRUST GLOBAL SERVICES PLC exhibits virtually no volatility, presenting perfect reliability and predictability for suppliers. With 0% late payments and no invoices falling into extended 31-60 or over 60-day windows, there are no discernible payment-related risk factors for a supplier dealing with this company.
Summary Analysis
Overall, NORTHERN TRUST GLOBAL SERVICES PLC presents an extremely low payment risk profile, warranting a highly favorable recommendation for any supplier engagement. Key decision factors for suppliers include assured immediate payment and the complete absence of payment delays; routine monitoring of future transactions is the only necessary risk mitigation due to their flawless payment record.
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 Jan 2018 - 30 Jun 2018 | 23 May 2019 | 0 | 100% | 0% | 0% | 0% |
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
Northern Trust Global Services PLC ("NTGS") will pay all undisputed invoices as soon as a correct receipt has been received.
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
0
Dispute Resolution Process
NTGS endeavours to resolve any supplier disputes fairly and promptly. Disputes are handled in the first instance by discussion between the contracting business and the supplier. Suppliers can also contact Northern Trust's Accounts Payable team (Accounts_Payable@ntrs.com) who will typically manage the dispute to resolution escalating as necessary to senior NTGS contacts.
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
NORTHERN TRUST GLOBAL SERVICES PLC is a public limited company. The company's name identifies its business as providing global services, consistent with operations in the financial or corporate trust sector.
The company was incorporated on 11 June 2003, operating under company number 04795756. Its registered office is located at 50 Bank Street, London, E14 5NT, with its listed location being Other. The company's status is Converted / Closed.
In the UK market, public limited companies with "Global Services" and "Trust" in their name typically specialise in institutional financial services. These services often encompass asset servicing, global custody, fund administration, and investment management solutions. Such organisations commonly provide a comprehensive suite of offerings to institutional investors like pension funds and asset managers.
