Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
NGC EUROPE LIMITED has shown a consistent trend of increasing the average time taken to pay invoices from 44 days in the period of July 2019 to December 2019 to 60 days in the period of January 2020 to June 2020. However, there was a slight decrease in the average time taken to pay invoices in the most recent period of July 2020 to December 2020, with the average time being 58 days.
The company has shown volatility in their payment practices, with a significant increase in the percentage of invoices paid later than 60 days from 19% in the first period to 34% in the second period. This percentage decreased slightly in the most recent period to 27%, but it is still significantly higher than the initial period.
From July 2019 to December 2020, NGC EUROPE LIMITED has shown a trend of increasing the average time taken to pay invoices. This is reflected in the percentages of invoices paid within 30 days, which decreased from 58% to 38% to 50% in the three periods, respectively. The company has also experienced an increase in the percentage of invoices paid later than 60 days, with the highest being 34% in the second period. However, there was a slight improvement in the most recent period, with this percentage decreasing to 27%. The company has not had any standard payment period in any of the three periods.
| 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 2020 - 31 Dec 2020 | 26 Jan 2021 | 58 | 50% | 23% | 27% | 59% |
| 01 Jan 2020 - 30 Jun 2020 | 26 Jan 2021 | 60 | 38% | 28% | 34% | 68% |
| 01 Jul 2019 - 31 Dec 2019 | 26 Jan 2021 | 44 | 58% | 23% | 19% | 50% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms are 30 from date of supplier invoice. The standard payment terms for Sole Traders, Utilities, Equipment Rentals, Events & Production are 30 days.
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
90
Contact FNG UK Ltd Accounts Payable - TFCF.FinanceEUFNGUK@disney.com. We attempt to respond to enquiries within 3 regular business days.
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
NGC EUROPE LIMITED is a liquidation private limited company, incorporated on 24 February 2010, based in the North West region. Registered business activity: Television programming and broadcasting activities.
From Companies House records.