NATIONAL GRID IFA 2 LIMITED
Company Information
- Company Number
- 09129992
- Registered Address
- 1-3 Strand, London, WC2N 5EH
- Status
- Active
- Employee Count
- 7
- Turnover
- £101,577,000
- EBITDA
- £81,795,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 July 2014
- Nature of Business
- 35120 - Transmission of electricity
- Industries
- Energy
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 11 Nov 2025 | 28 | 55% | 42% | 3% | 2% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 27 | 50% | 49% | 1% | 8% |
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
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
Dispute Resolution Process
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
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.
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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
Company Summary
NATIONAL GRID IFA 2 LIMITED is a subsidiary of National Grid, a British multinational electricity and gas utility company. It is responsible for the development, construction, and operation of the IFA 2 interconnector, a high-voltage electricity cable connecting the UK and France.
The company's sustainability program is a key focus, with a commitment to reducing carbon emissions and promoting renewable energy. IFA 2 is designed to support the UK's transition to a low carbon future by facilitating the import and export of electricity between the two countries. This helps to balance the electricity grid and reduce the need for fossil fuel power generation.
In addition to its interconnector services, NATIONAL GRID IFA 2 LIMITED also offers consulting and engineering services for other interconnector projects. This includes technical advice, project management, and construction support.
The key people of NATIONAL GRID IFA 2 LIMITED include the Managing Director, who oversees the overall operations of the company, and the Project Director, who is responsible for the successful delivery of the IFA 2 interconnector.
The company can be contacted through their website, which provides information on their services, sustainability efforts, and career opportunities. Their registered office address is located in Warwick, United Kingdom.
In conclusion, NATIONAL GRID IFA 2 LIMITED is a subsidiary of National Grid that specializes in the development, construction, and operation of the IFA 2 interconnector. Their focus on sustainability and commitment to promoting renewable energy makes them a key player in the UK's transition to a low carbon future.
