NORBROOK LABORATORIES LIMITED
Company Information
- Company Number
- NI007665
- Registered Address
- Station Works, Camlough Road, Newry, Co. Down, Northern Ireland, BT35 6JP
- Status
- Active
- Employee Count
- 1,569
- Turnover
- £198,512,000
- EBITDA
- £10,279,000
Additional Details
- Website
- https://norbrookinc.com/
- Company Type
- Private limited Company
- Incorporated On
- 22 July 1969
- Nature of Business
- 21200 - Manufacture of pharmaceutical preparations
- Industries
- Environment,Agriculture And Waste,Life Sciences And Medical Technology
- Region
- Northern Ireland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for NORBROOK LABORATORIES LIMITED to pay invoices has remained relatively stable over the past three periods, with a slight increase from 41 days to 42 days.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been quite high, ranging from 51% to 28%. This suggests that the company's ability to pay invoices within 30 days has fluctuated significantly over the past three periods.
Summary Analysis
Overall, NORBROOK LABORATORIES LIMITED has maintained an average time to pay of 41-42 days over the past three periods. However, there has been a significant decrease in the percentage of invoices paid within 30 days, with a decrease from 55% to 28%. This indicates that the company may be experiencing some difficulties in paying invoices on time. Additionally, there has been an increase in the percentage of invoices paid later than 60 days, with a rise from 18% to 36%.
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 |
|---|---|---|---|---|---|---|
| 02 Feb 2019 - 30 Aug 2019 | 05 Sept 2019 | 42 | 28% | 36% | 36% | 33% |
| 04 Aug 2018 - 01 Feb 2019 | 28 Feb 2019 | 42 | 30% | 30% | 40% | 29% |
| 27 Jan 2018 - 03 Aug 2018 | 03 Sept 2018 | 41 | 55% | 27% | 18% | 28% |
| 29 Jul 2017 - 26 Jan 2018 | 28 Feb 2018 | 41 | 51% | 31% | 18% | 38% |
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
Between 30 and 60 days from date of invoice
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
Queries which prevent the payment of invoices are directed to the Procurement/ Requisitioning Dept, who will contact the supplier and try to resolve the dispute. Weekly and monthly review of aged payables monitors any aged invoices.
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.
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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.
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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.
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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
NORBROOK LABORATORIES LIMITED is a leading animal health company based in Newry, Northern Ireland. The company was founded in 1969 and has since grown to become a global player in the animal health industry. They specialize in the development, manufacture, and distribution of veterinary pharmaceuticals and animal health products.
One of the key focuses of NORBROOK LABORATORIES LIMITED is sustainability. They are committed to reducing their environmental impact and promoting responsible use of resources. The company has implemented various initiatives to achieve this, such as reducing waste, conserving energy, and using sustainable packaging materials.
NORBROOK LABORATORIES LIMITED offers a wide range of products and services to improve animal health and well-being. Their product portfolio includes antibiotics, anthelmintics, anti-inflammatories, and nutritional supplements for both companion animals and livestock. They also provide diagnostic services and technical support to veterinary professionals.
The company is led by a team of experienced and dedicated individuals, including CEO Liam Nagle and Managing Director Brendan Mullan. Their expertise and vision have contributed to the success and growth of NORBROOK LABORATORIES LIMITED.
For more information on their products and services, as well as their sustainability efforts, interested parties can visit their website at www.norbrook.com. The registered office address for NORBROOK LABORATORIES LIMITED is Station Works, Newry, Co. Down, BT35 6JP, United Kingdom.
