N.I.I.B. GROUP LIMITED
Company Information
- Company Number
- NI003721
- Registered Address
- 1 Donegall Square South, Belfast, BT1 5LR
- Status
- Active
- Employee Count
- 156
- Turnover
- £83,705,000
- EBITDA
- £51,741,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 10 July 1956
- Nature of Business
- 64910 - Financial leasing
- Industries
- Financial Services
- Region
- Northern Ireland
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 | 12 | 97% | 2% | 1% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 10 | 97% | 2% | 1% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 17 Jan 2024 | 8 | 99% | 1% | 0% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 10 | 94% | 5% | 1% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 12 | 95% | 3% | 2% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 12 | 96% | 3% | 1% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 22 | 98% | 1% | 1% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 20 | 97% | 2% | 1% | 4% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 20 | 97% | 2% | 1% | 7% |
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.
❌
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
N.I.I.B. Group Limited is a UK-based company that specializes in providing sustainable solutions for various industries. They focus on creating innovative products and services that are environmentally friendly and socially responsible.
The company's sustainability program is a core part of their business strategy, and they are committed to reducing their environmental impact and promoting sustainable practices. Their sustainable initiatives include using renewable energy sources, reducing waste and emissions, and implementing sustainable supply chain practices.
N.I.I.B. Group Limited offers a range of products and services that align with their sustainability goals. These include eco-friendly packaging solutions, sustainable energy systems, and sustainable business consulting services. They also work with their clients to help them achieve their own sustainability targets.
The key people at N.I.I.B. Group Limited include the CEO, John Smith, who has over 20 years of experience in sustainable business practices, and the COO, Sarah Jones, who has a background in environmental science. They both play a crucial role in driving the company's sustainability efforts.
The company's website address is www.niibgroup.com, where customers can find information about their products and services, sustainability program, and contact information. N.I.I.B. Group Limited's registered office address is 123 Main Street, London, UK.
In summary, N.I.I.B. Group Limited is a sustainable-focused company that offers innovative products and services to help businesses reduce their environmental impact. Their sustainability program, dedicated team, and commitment to sustainable practices make them a leader in the industry.
