| 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 27 | 49% | 50% | 1% | 0% |
| 01 Apr 2025 - 30 Sept 2025 | 11 Nov 2025 | 26 | 60% | 39% | 1% | 2% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 27 | 54% | 44% | 2% | 12% |
| 01 Apr 2024 - 30 Sept 2024 | 31 Oct 2024 | 28 | 61% | 30% | 9% | 17% |
| 01 Oct 2023 - 31 Mar 2024 | 02 May 2024 | 27 | 55% | 44% | 1% | 5% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 23 | 64% | 34% | 2% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
42 days from invoice date
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
All disputes raised will be handled by a combination of the dedicated Purchase to Pay team, the Procurement team and the business unit working with the supplier
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
National Grid North Sea Link Limited is registered in England and Wales, with its nature of business classified as transmission of electricity. It was previously named National Grid NSN Link Limited and, before that, JV Nominees 2011 Limited. The company is majority owned by National Grid Interconnector Holdings Limited, which holds 75% or more of its shares and voting rights and the right to appoint or remove directors. Given its SIC classification and naming, it operates as part of a National Grid group entity concerned with electricity transmission infrastructure, likely linked to interconnector activity, rather than as an independent trading business with its own separate operations described in the available evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk