Gilbert-Ash Limited maintains an average payment time of 29 days, sitting just within the standard 30-day benchmark, which indicates generally prompt payment behaviour. However, a significant 43% of payments fall in the 31–60 day range, suggesting that while the average appears healthy, a large portion of invoices are routinely settled beyond agreed terms. The 4% over-60-day proportion is relatively contained, indicating that severely delayed payments are not a systemic pattern.
The late payment rate of 13% introduces a meaningful degree of unpredictability, meaning roughly one in eight invoices will not be settled on time. The wide spread across payment bands — 53% within 30 days versus 43% in the 31–60 day window — points to inconsistent payment behaviour rather than a reliable, uniform cycle. This variability makes cash flow forecasting moderately challenging for suppliers relying on consistent settlement dates.
Gilbert-Ash Limited presents a moderate payment risk profile: acceptable on average but with notable inconsistency that warrants careful management. Suppliers should consider building a payment buffer of up to 45 days into cash flow planning to accommodate the high proportion of 31–60 day settlements. To mitigate exposure, it is advisable to include clear payment terms in contracts, issue early invoice reminders, and monitor individual invoice aging closely given the 13% late payment rate.
| 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 2024 - 31 Dec 2024 | 14 Mar 2025 | 29 | 53% | 43% | 4% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms vary due to the type of supply and are agreed as part of contract negotiations. Suppliers are predominantly paid on 30 days from the month end of invoice. Subcontractors, dependant on contract terms, are paid on 30 or 42 day terms, following the date of assessment
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
60
We believe in treating our suppliers fairly and with respect and our approach is outlined in our Supply Chain Charter, For subcontract orders where any disputes arise, these are resolved by the Quantity Surveyor in accordance with the subcontract order. For material orders where any disputes arise regarding quantities delivered these are resolved by the Finance Department who request proof of delivery. Where any disputes regarding invoice rates arise, these are resolved by the Buying Department.
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
GILBERT-ASH LIMITED is a private limited company registered in Northern Ireland. The company operates under the Gilbert-Ash name, which is recognised in the UK construction and building sector.
The company holds company number NI002345 and is registered in Northern Ireland, with its registered office located at 60 Boucher Place, Belfast, BT12 6HT. Gilbert-Ash Limited was incorporated on 30 June 1947, giving the company a trading history spanning over seven decades.
As a construction and contracting organisation operating in the UK market, companies of this nature typically deliver building, refurbishment, and fit-out services across commercial, residential, and public sector projects. Such firms manage the full construction process, engaging specialist subcontractors and suppliers to deliver completed built environments to client specifications.
With its long-standing presence since 1947 and its base in Belfast, Gilbert-Ash Limited is an established business entity within the Northern Ireland corporate landscape.