| 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 2025 - 31 Dec 2025 | 27 Feb 2026 | 37 | 43% | 48% | 9% | 35% |
| 01 Jan 2025 - 30 Jun 2025 | 24 Feb 2026 | 35 | 39% | 48% | 13% | 34% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 35 | 42% | 49% | 9% | 41% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 37 | 35% | 54% | 11% | 37% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 40 | 37% | 50% | 12% | 52% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Aug 2023 | 51 | 31% | 47% | 22% | 53% |
| 01 Jul 2022 - 31 Dec 2022 | 06 Feb 2023 | 46 | 31% | 45% | 24% | 68% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Sept 2022 | 48 | 36% | 42% | 22% | 71% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Feb 2022 | 47 | 36% | 41% | 23% | 70% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Feb 2022 | 54 | 38% | 37% | 25% | 65% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 49 | 43% | 36% | 21% | 71% |
| 01 Jan 2020 - 30 Jun 2020 | 11 Feb 2021 | 41 | 46% | 34% | 20% | 73% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 47 | 43% | 38% | 18% | 66% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Oct 2019 | 44 | 43% | 37% | 20% | 65% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 40 | 43% | 40% | 17% | 68% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 45 | 44% | 42% | 14% | 53% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Farrans does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 30 days end of month
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
Farrans actively seeks to resolve disputes by discussing them with the relevant supplier(s), typically involving members of the accounts department, procurement and/or our commercial teams or senior management. Where it is not possible to reach agreement, dispute resolution methods (such as, mediation, adjudication, expert determination, litigation and / or arbitration) may be used.
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
NORTHSTONE (NI) LIMITED is a Northern Ireland-based company that specializes in the production and supply of construction materials. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes measures such as the use of renewable energy sources, waste reduction and recycling, and the promotion of sustainable practices among their suppliers and customers. They also have a dedicated sustainability team that continuously works towards improving their environmental performance.
NORTHSTONE offers a wide range of products and services, including aggregates, asphalt, concrete, and precast concrete products. They cater to various industries such as construction, infrastructure, and landscaping. The company prides itself on providing high-quality and sustainable products to their customers.
The key people at NORTHSTONE (NI) LIMITED include the managing director, who oversees the overall operations of the company, and the sustainability manager, who leads the sustainability team. They also have a team of experienced professionals who ensure the smooth functioning of the business.
Their registered office address is at 70 Airport Road West, Belfast, BT3 9ED, Northern Ireland. Their website address is www.northstone-ni.com, where customers can find more information about their products and services. Overall, NORTHSTONE (NI) LIMITED is a leading company in Northern Ireland that is committed to sustainability and providing high-quality construction materials to their customers.