NORTHSTONE NI LIMITED

Company Information

Company Number
NI004078
Registered Address
99 Kingsway, Dunmurry, Belfast, BT17 9NU
Status
Active
Employee Count
1508.0
Turnover
539971000.0
EBITDA
14267000.0

Additional Details

Company Type
Private limited Company
Incorporated On
19 May 1958
Nature of Business
08990 - Other mining and quarrying not elsewhere classified$22290 - Manufacture of other plastic products$23630 - Manufacture of ready-mixed concrete$42990 - Construction of other civil engineering projects not elsewhere classified
Industries
Supply Chain,Manufacturing And Commerce Models
Region
Northern Ireland

Company Location

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Financial Metrics

Cash
£16,279,068.00
Net Worth
£126,544,133.00
Total Current Assets
£204,163,613.00
Total Current Liabilities
£173,595,222.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-02-01

Time to Pay

Average Time to Pay
40 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
37%
31-60 Days
50%
After 60 Days
12%
Not Paid Within Terms52%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202301 Feb 20244037%50%12%52%
01 Jan 2023 - 30 Jun 202330 Aug 20235131%47%22%53%
01 Jul 2022 - 31 Dec 202206 Feb 20234631%45%24%68%
01 Jan 2022 - 30 Jun 202205 Sept 20224836%42%22%71%
01 Jul 2021 - 31 Dec 202121 Feb 20224736%41%23%70%
01 Jan 2021 - 30 Jun 202121 Feb 20225438%37%25%65%
01 Jul 2020 - 31 Dec 202029 Jan 20214943%36%21%71%
01 Jan 2020 - 30 Jun 202011 Feb 20214146%34%20%73%
01 Jul 2019 - 31 Dec 201930 Jan 20204743%38%18%66%
01 Jan 2019 - 30 Jun 201902 Oct 20194443%37%20%65%
01 Jul 2018 - 31 Dec 201830 Jan 20194043%40%17%68%
01 Jan 2018 - 30 Jun 201831 Jul 20184544%42%14%53%

Company Summary

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

Company Review

Trend Analysis

NORTHSTONE (NI) LIMITED has shown a fluctuating trend in the average time taken to pay invoices to suppliers over the past three periods. The average time to pay has increased from 45 days in the first period (Jan 2018-Jun 2018) to 54 days in the most recent period (Jan 2021-Jun 2021). However, there was a slight decrease in the last period (Jul 2021-Dec 2021) where the average time to pay was 47 days.

Volatility Analysis

The volatility in the percentage of invoices paid within 30 days has been relatively low, ranging from 38% to 46% over the past three periods. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 14% in the first period to 25% in the most recent period.

Summary Analysis

The average time to pay for NORTHSTONE (NI) LIMITED has increased from 45 days in the first period to 54 days in the most recent period, with a slight decrease in the last period. There has been a consistent increase in the percentage of invoices paid later than 60 days and not paid within agreed terms, indicating a trend of delayed payments.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard payment terms are 30 days

Were there any changes to the standard payment terms in the reporting period?

No

Any other information about payment terms

N/A

Maximum contractual payment period agreed

90

Dispute Resolution Process

Invoice requests for payment that do not match to the purchase order or goods received information are sent to the requisitioner who is responsible for taking the action required to resolve the query. Disputed invoices are monitored on a monthly basis.

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