NEOS NETWORKS LIMITED demonstrates a strong trend towards timely payments, with an average payment time of 30 days and 78% of invoices settled within this period. This consistency suggests a predictable payment pattern where the majority of transactions align with standard payment terms.
Despite the strong average, a significant 28% of payments are identified as late, with 9% extending beyond 60 days. This indicates a moderate level of volatility and introduces some unpredictability for a supplier regarding a substantial minority of invoices.
Overall, NEOS NETWORKS LIMITED generally exhibits acceptable payment behavior with a high percentage of timely settlements. Suppliers should be aware of the 28% late payment rate, including 9% over 60 days, and consider implementing stricter payment terms or proactive follow-up for invoices approaching their due date to mitigate potential delays.
| 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 | 31 Oct 2025 | 30 | 78% | 13% | 9% | 28% |
| 01 Oct 2024 - 31 Mar 2025 | 25 Apr 2025 | 34 | 76% | 12% | 12% | 24% |
| 01 Apr 2024 - 30 Sept 2024 | 04 Nov 2024 | 30 | 79% | 13% | 8% | 27% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 31 | 83% | 10% | 7% | 22% |
| 01 Apr 2023 - 30 Sept 2023 | 24 Oct 2023 | 28 | 86% | 8% | 6% | 21% |
| 01 Oct 2022 - 31 Mar 2023 | 21 Apr 2023 | 33 | 83% | 10% | 7% | 22% |
| 01 Apr 2022 - 30 Sept 2022 | 21 Oct 2022 | 35 | 83% | 9% | 8% | 25% |
| 01 Oct 2021 - 31 Mar 2022 | 04 May 2022 | 36 | 74% | 13% | 13% | 38% |
| 01 Apr 2021 - 30 Sept 2021 | 31 Oct 2021 | 35 | 75% | 16% | 9% | 4% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 31 | 80% | 14% | 6% | 40% |
| 01 Apr 2020 - 30 Sept 2020 | 28 Oct 2020 | 28 | 80% | 15% | 5% | 41% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 32 | 74% | 18% | 8% | 53% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 33 | 63% | 29% | 8% | 78% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 44 | 60% | 24% | 16% | 63% |
| 01 Apr 2018 - 30 Sept 2018 | 24 Oct 2018 | 42 | 63% | 22% | 15% | 68% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice
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 should be raised to Neos AP in writing via email. If not resolved within 30 days, disputes are internally escalated to Head of AP. Full disputes are escalated to the Head of AP, Finance Manager, Financial Controller and Legal department.
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
NEOS NETWORKS LIMITED is an active private limited company operating within the networking sector. Its name indicates a specialisation in network-related services or products.
The company was incorporated on 4 December 2000 under company number SC213457. It is registered in Scotland, with its registered office located at Inveralmond House, 200 Dunkeld Road, Perth, PH1 3AQ.
Companies operating in the networking sector typically provide a range of services and products in the UK market. These commonly include network design, installation, and maintenance, alongside telecommunications and data connectivity solutions. Offerings frequently extend to network security, IT infrastructure, and associated hardware or software.