NORTHROP GRUMMAN UK LIMITED
Company Information
- Company Number
- 05989428
- Registered Address
- Northrop Grumman Law Department, 2nd Floor Clareville House, 26-27 Oxendon Street, London, SW1Y 4EL
- Status
- Active
- Employee Count
- 656.0
- Turnover
- 164449000.0
- EBITDA
- 10217000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 November 2006
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 27 | 86% | 11% | 2% | 17% |
| 01 Jan 2023 - 30 Jun 2023 | 11 Jul 2023 | 27 | 82% | 14% | 4% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 16 Jan 2023 | 26 | 82% | 11% | 7% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 37 | 47% | 42% | 11% | 46% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 26 | 84% | 13% | 4% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 26 | 86% | 10% | 4% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 29 | 77% | 15% | 8% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 29 | 68% | 26% | 6% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 36 | 57% | 32% | 11% | 51% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Aug 2019 | 43 | 49% | 37% | 14% | 54% |
| 01 Jul 2018 - 30 Dec 2018 | 29 Aug 2019 | 44 | 55% | 30% | 15% | 51% |
| 01 Jan 2018 - 30 Jun 2018 | 29 Aug 2019 | 45 | 56% | 29% | 15% | 45% |
Company Summary
NORTHROP GRUMMAN UK LIMITED is a leading global security company that provides innovative solutions to a wide range of customers, including government and commercial clients
The company is headquartered in London and has a strong presence in the UK with offices in several locations
The company's main focus is on ensuring the safety and security of its customers through the development and delivery of advanced technologies
They offer a wide range of products and services, including aerospace systems, electronic systems, and mission solutions
Their products and services are used in various applications such as defence, intelligence, and space exploration
NORTHROP GRUMMAN UK LIMITED is committed to sustainability and has implemented various initiatives to minimize its environmental impact
They have a sustainability program in place that focuses on reducing energy consumption, waste generation, and greenhouse gas emissions
The company also promotes responsible sourcing and ethical business practices
The key people at NORTHROP GRUMMAN UK LIMITED include Mr
Andrew Tyler, the Chief Executive Officer, and Mr
David Perry, the President
They lead a team of highly skilled professionals who are dedicated to delivering high-quality products and services to their customers
To learn more about NORTHROP GRUMMAN UK LIMITED and their offerings, their website address is www.northropgrumman.com/uk
Their registered office address is 2 New Burlington Place, London W1S 2HP, United Kingdom
Customers can also contact them through their website or by phone at +44 (0)20 7355 5555
With their commitment to innovation, sustainability, and customer satisfaction, NORTHROP GRUMMAN UK LIMITED continues to be a top choice for security solutions
Company Review
Trend Analysis
Over the past three periods, there has been a steady decrease in the average time taken for NORTHROP GRUMMAN UK LIMITED to pay their invoices. In 2018, the average time to pay was 45 days, which decreased to 27 days in 2023. This indicates that the company has been improving their payment process and paying their invoices faster.
Volatility Analysis
There is a slight volatility in the percentage of invoices paid within 30 days, with a high of 86% in 2021 and a low of 47% in 2022. However, there is a consistent trend of the company paying a higher percentage of invoices within 30 days over the past three periods, indicating a more timely payment process.
Summary Analysis
In the past three periods, NORTHROP GRUMMAN UK LIMITED has shown a significant improvement in their payment process. From 2018 to 2023, there has been a 39% decrease in the average time to pay, with the company paying their invoices in an average of 27 days in 2023. There has also been an increase in the percentage of invoices paid within 30 days, with a high of 86% in 2021. However, there is still room for improvement as the percentage of invoices paid later than 60 days remains at a consistent 4%. The shortest standard payment period for the company is 30 days, which has not changed over the past three periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days from receipt of a valid invoice
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
In the event an invoice is agreed by both parties to be incorrect the invoice is rejected and returned as unpaid. The supplier is requested to issue a full credit or replacement invoice or partial credit note. If a suitable resolution cannot be agreed between the buyer and supplier, then either party can apply the dispute resolution process stated in the signed contract terms and conditions. Our contracts typically allow for escalation within the organisations, encouraging mediation and arbitration as next steps to resolution.
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?
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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
