SOUTHERN GAS NETWORKS PLC
Company Information
- Company Number
- 05167021
- Registered Address
- St Lawrence House, Station Approach, Horley, Surrey, RH6 9HJ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 30 June 2004
- Nature of Business
- 35220 - Distribution of gaseous fuels through mains
- Industries
- Coming Soon
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
Southern Gas Networks PLC exhibits a strong trend of prompt payments, with an average settlement time of 14 days and 94% of invoices paid within 30 days. While 22% of payments are technically late, the high proportion settled quickly indicates a generally efficient payment process. This suggests a consistent pattern of rapid payment, despite occasional deviations from strict due dates for a minority of invoices.
Volatility Analysis
Payment reliability is generally high and predictable for suppliers, with 94% of invoices settled within 30 days and minimal instances (6%) extending beyond this period. While 22% of payments are officially categorized as late, the low average payment time suggests that these delays are typically not prolonged. The main risk factor is minor, pertaining to a small chance of invoices falling into the late category, though the overall pattern is one of swift settlement.
Summary Analysis
Overall, SOUTHERN GAS NETWORKS PLC presents a favorable payment risk profile, indicating high reliability for suppliers. Key decision factors include the excellent average payment time and the high proportion of payments made within 30 days, outweighing the 22% late payment rate. Suppliers can proceed with confidence, perhaps considering a proactive follow-up for invoices nearing their stated payment terms to address the minor late payment tendency.
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 Apr 2025 - 30 Sept 2025 | 23 Oct 2025 | 14 | 94% | 5% | 1% | 22% |
| 01 Oct 2024 - 31 Mar 2025 | 23 Apr 2025 | 14 | 89% | 10% | 1% | 20% |
| 01 Apr 2024 - 30 Sept 2024 | 16 Oct 2024 | 13 | 88% | 11% | 1% | 21% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 14 | 89% | 10% | 1% | 21% |
| 01 Apr 2023 - 30 Sept 2023 | 20 Oct 2023 | 15 | 88% | 11% | 1% | 26% |
| 01 Oct 2022 - 31 Mar 2023 | 02 May 2023 | 15 | 88% | 10% | 2% | 25% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 24 | 84% | 10% | 6% | 29% |
| 01 Oct 2021 - 31 Mar 2022 | 03 May 2022 | 17 | 86% | 10% | 4% | 25% |
| 01 Apr 2021 - 30 Sept 2021 | 12 Oct 2021 | 15 | 90% | 8% | 2% | 29% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 15 | 87% | 10% | 3% | 27% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 20 | 84% | 12% | 4% | 32% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 12 | 90% | 8% | 2% | 26% |
| 01 Apr 2019 - 30 Sept 2019 | 03 Dec 2019 | 21 | 90% | 9% | 1% | 29% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 22 | 90% | 8% | 2% | 35% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 15 | 89% | 9% | 2% | 33% |
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
SGN's standard payment terms are Nett Monthly but buyers are authorised to negotiate alternative terms with individual suppliers where appropriate. During the reporting period the majority of the terms agreed on POs were shorter than our standard terms - Nett Monthly
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
Dispute Resolution Process
"1) Suppliers can obtain an update on the status of their invoices by contacting Accounts Payable. Where the issue relates to the approval of the invoice suppliers may be referred to the ""orderer"". 2) Alternatively suppliers can also contact the ""orderer"" directly using the details provided on the Purchase Order "
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.
❌
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.
❌
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.
❌
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
SOUTHERN GAS NETWORKS PLC is an active public limited company operating within the gas networks sector
It is dedicated to the distribution and management of gas infrastructure
Incorporated on 30 June 2004 with company number 05167021, the company's registered office is St Lawrence House, Station Approach, Horley, Surrey, RH6 9HJ
Its operations are centred in the South East of England
A company of this type in the UK market typically specialises in the ownership, operation, and maintenance of gas distribution pipelines
This involves ensuring the safe and reliable supply of natural gas to domestic and commercial customers, as well as managing emergency response services and new connections
