BANK OF IRELAND (UK) PLC
Company Information
- Company Number
- 07022885
- Registered Address
- Bow Bells House, 1 Bread Street, London, EC4M 9BE
- Status
- Active
- Employee Count
- 1,447
- Turnover
- £729,000,000
- EBITDA
- £310,000,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 17 September 2009
- Nature of Business
- 64191 - Banks
- Industries
- 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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 20 | 95% | 4% | 1% | 6% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 19 | 96% | 3% | 1% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 21 | 98% | 2% | 1% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 17 | 97% | 2% | 1% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 18 | 94% | 5% | 1% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 18 | 94% | 4% | 2% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 27 | 79% | 12% | 9% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 32 | 80% | 12% | 8% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 30 | 75% | 18% | 7% | 28% |
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 standard contractual terms for all goods and services is 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Bank of Ireland Group is committed to prompt payment of invoices, where goods and services have been provided in accordance with contractual obligations. Effective 8 April 2020 all small and medium enterprise suppliers were paid on immediate terms once a valid* invoice was received in Procurement at invoices@boi.com (*Note: Valid invoice is defined as after standard verification and business unit approval of the invoice is complete.)
Maximum contractual payment period agreed
30
Dispute Resolution Process
The main point of contact for a supplier in resolving a dispute in relation to payment under a qualifying contract is the business unit contact name who engaged the supplier to provide the relevant the goods / services to the company.
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.
❌
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
Bank of Ireland (UK) PLC is a leading financial institution in the United Kingdom, providing a range of banking and financial services to individuals and businesses. The bank is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The bank offers a wide range of products and services, including current accounts, savings accounts, mortgages, loans, credit cards, and insurance. It also provides specialized services for businesses such as commercial lending, asset finance, and treasury services.
The bank's sustainability program focuses on reducing its carbon footprint, promoting responsible lending practices, and supporting local communities. It has set targets to reduce its carbon emissions and increase the use of renewable energy sources. The bank also works closely with its suppliers to ensure they follow sustainable practices.
Key people at Bank of Ireland (UK) PLC include CEO Des Crowley, CFO Andrew Keating, and Chairman Patrick Kennedy. The bank has a dedicated team responsible for its sustainability efforts, led by the Head of Corporate Social Responsibility.
Customers can contact Bank of Ireland (UK) PLC through its website or by visiting one of its branches located throughout the UK. The registered office address for the bank is 1 Temple Back East, Temple Quay, Bristol, BS1 6DX.
In summary, Bank of Ireland (UK) PLC is a reputable financial institution in the UK, offering a wide range of banking and financial services. The bank is committed to sustainability and has implemented various initiatives to reduce its environmental impact. With its dedicated team and strong leadership, the bank continues to provide top-quality services while prioritizing sustainability.
