NATIONAL ENERGY SYSTEM OPERATOR LIMITED
Company Information
- Company Number
- 11014226
- Registered Address
- 1-3 Strand, London, WC2N 5EH
- Status
- Active
- Employee Count
- 1,850
- Turnover
- £2,904,000,000
- EBITDA
- -£304,000,000
Additional Details
- Website
- https://nationalgrid.com
- Company Type
- Private limited Company
- Incorporated On
- 16 October 2017
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Energy, Financial Services
- 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 - 01 Sept 2025 | 30 Oct 2025 | 20 | 79% | 19% | 2% | 11% |
| 01 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 20 | 70% | 29% | 1% | 12% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 21 | 72% | 27% | 1% | 25% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 21 | 66% | 33% | 1% | 25% |
| 01 Oct 2021 - 31 Mar 2022 | 30 Apr 2022 | 20 | 74% | 25% | 2% | 32% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 16 | 79% | 19% | 1% | 31% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 12 | 83% | 15% | 2% | 15% |
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
30 days
Were there any changes to the standard payment terms in the reporting period?
Reduced standard terms from 42 days to 30 days
Any other information about payment terms
Payment terms reduced to align with the Procurement Act.
Maximum contractual payment period agreed
42
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?
❌
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 Electricity System Operator Limited (NGESO) is responsible for managing the electricity transmission system in Great Britain. They operate and maintain the high-voltage electricity network, ensuring a constant and reliable supply of electricity to homes and businesses.
NGESO is committed to sustainability and has set ambitious targets to reduce their carbon emissions and promote renewable energy sources. They have a dedicated sustainability program in place, which includes initiatives such as investing in low-carbon technologies, promoting energy efficiency, and working towards a zero-carbon electricity system by 2025.
In addition to their role in managing the electricity transmission system, NGESO also offers a range of products and services to support the energy industry. This includes providing access to data and tools for energy market participants, as well as offering training and advice on grid operations.
The key people at NGESO include the CEO, Fintan Slye, and the Executive Director of National Control, Julian Leslie. They work closely with the Board of Directors to ensure effective and responsible management of the electricity system.
NGESO's website (www.nationalgrideso.com) provides information on their services, sustainability goals, and latest news and updates. Their registered office address is National Grid House, Warwick Technology Park, Gallows Hill, Warwick, CV34 6DA, United Kingdom.
