ULSTER CARPET MILLS (HOLDINGS) LIMITED exhibits a payment trend where 53% of invoices are settled within 30 days, indicating efficiency for over half its transactions. A further 40% are paid between 31 and 60 days, driving the average payment time to 45 days. This consistent pattern suggests suppliers should expect a significant portion of payments to fall into the 31-60 day window.
While the majority of payments are timely, 7% extend beyond 60 days, alongside a 3% late payment rate, introducing a minor degree of payment unpredictability. This distribution indicates some variability in payment behavior, meaning not all transactions will adhere to the faster payment cycles. Suppliers should acknowledge this potential for minor delays and plan cash flow accordingly.
Overall, ULSTER CARPET MILLS presents a moderate payment risk, with most payments occurring within 60 days, making them generally acceptable as a client. Suppliers should consider offering standard credit terms but be prepared for an average payment cycle of 45 days. To mitigate the small risk of extended payments, closely monitor initial transactions and consider setting appropriate credit limits.
| 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 2019 - 30 Sept 2019 | 14 Nov 2019 | 45 | 53% | 40% | 7% | 3% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 36 | 54% | 38% | 8% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 37 | 57% | 41% | 3% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
invoice date plus 20 days
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
365
Depends on the contract
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
Ulster Carpet Mills (Holdings) Limited is a Northern Ireland registered company based in Portadown, active since 1938. It was originally incorporated as Ulster Carpet Mills, Limited before adopting its current name in 1989. Companies House records its nature of business as the manufacture of woven or tufted carpets and rugs, and it files group accounts on behalf of the wider Ulster Carpet Mills group, indicating its role as the holding entity for that carpet manufacturing business rather than a direct trading operation itself. The company remains active, with recent filings including confirmation statements and group company accounts made up to 31 March 2025.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk