NORTHERN TRUST GLOBAL SERVICES SE
Company Information
- Company Number
- SE000121
- Registered Address
- 50 Bank Street, London, United Kingdom, E14 5NT
- Status
- Active — Transfer from UK
- Employee Count
- 200
- Turnover
- £211,205,000
- EBITDA
- £77,828,000
Additional Details
- Company Type
- European public limited liability company (SE)
- Nature of Business
- 64191 - Banks
- Industries
- Financial Services
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The payment trend for NORTHERN TRUST GLOBAL SERVICES SE demonstrates exceptionally swift processing, with an average payment time of 0 days. This indicates a consistent practice of immediate payment upon invoice, ensuring suppliers receive funds without any delay.
Volatility Analysis
Payment reliability is exceptionally high, as 100% of payments are made within 30 days and 0% are ever reported as late. This predictability minimizes financial uncertainty for suppliers, indicating a robust and efficient payment system with virtually no risk of delayed payments.
Summary Analysis
Based on the provided payment data, NORTHERN TRUST GLOBAL SERVICES SE is an exceptionally reliable payer, posing virtually no payment risk to potential suppliers. Suppliers can confidently expect prompt and immediate payment, making them an ideal partner with minimal need for payment-related risk mitigation strategies.
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 Jul 2018 - 31 Dec 2018 | 28 May 2019 | 0 | 100% | 0% | 0% | 0% |
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
Northern Trust Global Services SE ("NTGS") will pay all undisputed invoices as soon as a correct receipt has been received.
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
0
Dispute Resolution Process
NTGS endeavours to resolve any supplier disputes fairly and promptly. Disputes are handles in the first instance by discussion between the contracting business and the supplier. Suppliers can also contact Northern Trust's Accounts Payable team (Accounts_Payable@ntrs.com) who will typically manage the dispute to resolution, escalating as necessary to senior NTGS contacts.
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.
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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.
❌
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
NORTHERN TRUST GLOBAL SERVICES SE is an active European public limited liability company. Its designation as 'Global Services' indicates its operation in providing services on an international scale.
The company operates under company number SE000121 and holds an active status, having transferred from the UK. Its registered office is situated at 50 Bank Street, London, United Kingdom, E14 5NT. The exact date of its incorporation is not disclosed, and its stated location is 'Other'.
European public limited liability companies operating with a 'Global Services' remit in the UK market typically offer professional services designed for large organisations. These often include comprehensive business support, administrative functions, and operational solutions delivered across international borders.
