ULSTER CARPET MILLS (HOLDINGS) LIMITED
Company Information
- Company Number
- NI001207
- Registered Address
- Castleisland Factory, Portadown, Co Armagh, BT62 1EE
- Status
- Active
- Employee Count
- 712
- Turnover
- £89,040,000
- EBITDA
- £5,498,000
Additional Details
- Website
- https://ulstercarpets.com/
- Company Type
- Private limited Company
- Incorporated On
- 20 January 1938
- Nature of Business
- 13931 - Manufacture of woven or tufted carpets and rugs
- Industries
- Distribution And Delivery, Manufacturing, Property-related Goods And Services, Raw Materials And Intermediate Goods
- Region
- Northern Ireland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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% |
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
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
Dispute Resolution Process
Depends on the contract
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.
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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
Company Summary
ULSTER CARPET MILLS (HOLDINGS) LIMITED operates as an active private limited company. Its name signifies it is a holding company with interests pertaining to the carpet manufacturing industry.
The company was incorporated on 20 January 1938, holding company number NI001207. It is registered in Northern Ireland, with its official registered office situated at Castleisland Factory, Portadown, Co Armagh, BT62 1EE.
In the UK market, a holding company associated with carpet mills typically manages a group of businesses involved in the design, manufacture, distribution, and sale of carpets and related floor coverings. Such organisations often provide strategic direction, central support services, and brand management for their subsidiaries within the textile and flooring sector.
