DIAGEO NORTHERN IRELAND LIMITED
Company Information
- Company Number
- NI003755
- Registered Address
- Third Floor Capital House, 3 Upper Queen Street, Belfast
- Status
- Active
- Employee Count
- 131.0
- Turnover
- 102581000.0
- EBITDA
- 2894000.0
Additional Details
- Website
- https://diageo.com
- Company Type
- Private limited Company
- Incorporated On
- 24 September 1956
- Nature of Business
- 46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
- Industries
- Lifestyle And Entertainment
- Region
- Northern Ireland
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 74 | 6% | 38% | 56% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 73 | 11% | 30% | 59% | 8% |
| 01 Jul 2022 - 31 Jan 2023 | 31 Jan 2023 | 78 | 8% | 26% | 66% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 79 | 9% | 27% | 64% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 76 | 8% | 25% | 67% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 84 | 5% | 21% | 74% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 84 | 5% | 24% | 71% | 8% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 85 | 3% | 29% | 68% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 80 | 5% | 21% | 74% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 78 | 4% | 21% | 75% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 74 | 4% | 34% | 62% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 81 | 4% | 28% | 68% | 13% |
| 01 Jul 2017 - 31 Dec 2017 | 31 Jan 2018 | 71 | 3% | 30% | 67% | 7% |
Company Summary
DIAGEO NORTHERN IRELAND LIMITED is a leading alcohol beverage company that operates in Northern Ireland
They are committed to promoting responsible drinking and implementing sustainable practices in their operations
Their sustainability program, called "Sustainable Living Plan", aims to reduce their environmental impact by reducing carbon emissions, water usage, and waste generation
They also work towards sourcing their raw materials responsibly and promoting the well-being of their employees and communities
The company offers a wide range of products, including popular brands like Guinness, Smirnoff, and Baileys
They also have a range of non-alcoholic options, such as water and soft drinks
The key people at DIAGEO NORTHERN IRELAND LIMITED include managing director, Colin O'Brien, and director of corporate relations, Hazel Thompson
They also have a team dedicated to sustainability, led by the sustainability manager, Sarah Gilligan
The company's registered office address is Lakeside Drive, Park Royal, London, NW10 7HQ
Their website, www.diageo.com, provides information on their products, sustainability initiatives, and contact details
They also have a dedicated email address for sustainability-related inquiries, sustainability@diageo.com
Company Review
Trend Analysis
The average time taken for DIAGEO NORTHERN IRELAND LIMITED to pay invoices to suppliers has fluctuated over the past three periods, with a slight overall increase from 71 days in 2017-2018 to 74 days in 2023-2024. However, there was a significant decrease in 2022-2023, with the average time dropping to 73 days.
Volatility Analysis
The volatility of DIAGEO NORTHERN IRELAND LIMITED's payment practices can be seen in the fluctuation of the % Invoices paid later than 60 days. This percentage has ranged from 56% in 2023-2024 to 75% in 2019-2020, highlighting the company's inconsistency in paying invoices on time.
Summary Analysis
From 2017-2018 to 2023-2024, the average time taken for DIAGEO NORTHERN IRELAND LIMITED to pay invoices increased by 3 days, with the company taking an average of 74 days to pay suppliers. The % Invoices paid within 30 days has remained relatively consistent, ranging from 3% in 2017-2018 to 11% in 2023-2024.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
SMEs are on 60 day payment terms and larger suppliers, including multi-national companies, are on contracts with longer payment terms mutually agreed on a case-by-case basis. The combination of both larger suppliers and SMEs is reflected in our reported data. We are continually working to improve our payment practices, with an acute focus on the small-to-medium suppliers (SMEs) within our supply chain. We continue to analyse the root cause of any late payments, including process errors caused by us or our suppliers to enable payment to terms.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
A preferential Supplier Financing facility is available to our suppliers. This arrangement enables payment to suppliers earlier than standard or contracted payment terms.
Maximum contractual payment period agreed
120
Dispute Resolution Process
Supplier payment issues that arise in the first instance are addressed by the shared financial services team. Depending on the issue, Procurement may be involved to resolve any disputes or issues via the Diageo internal dispute resolution process. Suppliers may raise any questions/request via the Supplier Service Hub and that is directed to the relevant team for prompt resolution.
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