Industry ranking
Score of 87.7/100 qualifies for PaymentCheck Certification
| 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 | 21 Feb 2024 | 23 | 85% | 12% | 3% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 22 Feb 2023 | 16 | 91% | 5% | 4% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 16 | 90% | 6% | 4% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jul 2022 | 13 | 95% | 4% | 1% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 13 | 97% | 2% | 1% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 13 | 97% | 2% | 1% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 15 | 93% | 5% | 2% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 18 | 93% | 6% | 1% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Mar 2019 | 17 | 95% | 4% | 1% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Mar 2019 | 15 | 95% | 5% | 1% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days and agreed with the supplier. Other terms can be agreed with suppliers as required though are very small in volume.
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
30
Invoice queries are handled by the Accounts Payable (AP) team. Administrative queries are resolved within the AP team with support from the Finance Manager. Technical queries are referred to the requestor of the item or service. In case of delay or absence, this can be referred to a more senior manager. Queries relating to contractual terms typically involve the Procurement & Contracts Management team. Suppliers are also invited to provide supporting information as may be required to assist and speed up resolution.
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
NSMP Operations Limited is registered in London and forms part of the North Sea Midstream Partners (NSMP) group. The wider group owns and develops large-scale midstream oil and gas assets in and around the North Sea, including the Teesside Gas Processing Plant, St Fergus Gas Terminal, and the SIRGE and FUKA pipelines, plus the Risavika Liquefaction Plant in Norway. The group transports and processes natural gas from North Sea fields for energy and utility companies, removing natural gas liquids for sale to end users, and its UK network is capable of supplying up to 26% of the UK's daily gas demand. It also holds a stake in the Acorn CCS and hydrogen development project. This entity's own role is as a UK-registered part of that group's operations.
Generated from the company's website and Companies House records. Sources: nsmp-limited.com · nsmp-limited.com · nsmp-limited.com