IBSTOCK BRICK LIMITED
Company Information
- Company Number
- 00063230
- Registered Address
- Leicester Road, Ibstock, Leicestershire, LE67 6HS
- Status
- Active
- Employee Count
- 1,396
- Turnover
- £365,022,000
- EBITDA
- £121,208,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 4 August 1899
- Nature of Business
- 23320 - Manufacture of bricks, tiles and construction products, in baked clay
- Industries
- Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- East Midlands
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 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 63 | 10% | 51% | 39% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 70 | 9% | 43% | 48% | 38% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 68 | 9% | 36% | 55% | 46% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 69 | 9% | 31% | 60% | 52% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 60 | 13% | 44% | 43% | 34% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 59 | 12% | 43% | 45% | 36% |
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
The majority of the Company’s purchases are initiated by the individual factories and overseen by the Procurement function. Under the standard terms operated, Ibstock Brick Limited will pay for goods in the payment run which occurs in the first week following a period of 60 days since the receipt of the related invoice. Suppliers can contact Ibstock Brick Limited to negotiate terms which differ from those employed as standard. Payment is dependent upon validated delivery of the goods and the correct invoicing by the Supplier. If Ibstock Brick Limited has not been correctly invoiced by our standard terms’ payment date, payment will be made in the week following receipt of corrected invoicing.
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
90
Dispute Resolution Process
Ibstock Brick Limited seeks to settle all disputes as soon as possible. Should a dispute arise between the parties, the Supplier can contact their Company contact (generally, the factory manager or administrator), who will attempt to resolve the dispute. Escalation to the central Procurement Manager is expected prior to commencement of any legal proceedings.
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.
❌
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
IBSTOCK BRICK LIMITED is a UK-based company that specializes in the production and supply of high-quality clay bricks for the construction industry. It was founded in 1897 and has since become one of the leading brick manufacturers in the UK.
The company is committed to sustainability and has implemented various initiatives to minimize their environmental impact. This includes using locally sourced raw materials, reducing energy consumption, and implementing efficient waste management practices.
IBSTOCK BRICK LIMITED offers a wide range of brick products, including facing bricks, engineering bricks, and special-shaped bricks. These products are used in various construction projects, from residential homes to commercial buildings.
The company has a dedicated team of experts who ensure the quality and consistency of their products. Key people in the company include the CEO, Joe Hudson, and the Director of Sustainability, Roger Haynes.
For further information, customers can visit the company's website at www.ibstockbrick.co.uk. The registered office address is located at Leicester Road, Ibstock, Leicestershire, LE67 6HS, United Kingdom.
In summary, IBSTOCK BRICK LIMITED is a reputable and sustainable company that provides high-quality clay brick products for the construction industry. With a strong commitment to sustainability and a team of experts, the company continues to be a leader in the brick manufacturing industry in the UK.
