DUNBIA (NORTHERN IRELAND) has shown a decreasing trend in average time to pay invoices over the past three periods, with the most significant decrease occurring between the first and second periods. Additionally, there has been an overall increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid later than 60 days. This suggests that the company has improved its payment processes and is paying invoices more promptly.
The volatility of DUNBIA (NORTHERN IRELAND)'s payment patterns has decreased over the past three periods, with a decrease in the percentage of invoices not paid within agreed terms and a decrease in the shortest (or only) standard payment period. This indicates that the company has become more consistent in its payment practices and is meeting its agreed payment terms more frequently.
| 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 2021 - 30 Jun 2021 | 22 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 09 Feb 2021 | 24 | 81% | 10% | 9% | 28% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 34 | 65% | 21% | 15% | 32% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 44 | 51% | 30% | 19% | 15% |
| 31 Dec 2018 - 30 Jun 2019 | 29 Jul 2019 | 39 | 53% | 29% | 18% | 35% |
| 01 Jun 2018 - 30 Dec 2018 | 30 Jan 2019 | 35 | 55% | 34% | 11% | 38% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 56% | 32% | 12% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
52% of purchases are supplied from farmers and the standard payment terms are 7-14 days from the date of kill, other purchases are paid between 30-90 days from the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
90
Disputes are managed by the sites and disputed invoices are notified to the supplier, these are dealt with in a timely, controlled, professional and supportive manner. Any resolved items are then reprocessed.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Dunbia is a leading meat processing company based in Northern Ireland. The company has a strong focus on sustainability and has implemented various initiatives to reduce their environmental impact. They offer a wide range of high-quality meat products and services.
Their sustainability program includes reducing carbon emissions, water usage, and waste production through efficient production processes. They also work closely with their farmers to promote sustainable farming practices and ensure animal welfare. Dunbia has received numerous awards for their sustainability efforts, including the Green Business Award and the Sustainable Ireland Award.
The company's products include beef, lamb, pork, poultry, and convenience foods. They supply to major retailers, foodservice providers, and export markets. Dunbia also offers a range of bespoke services such as bespoke packaging and labeling, product development, and supply chain management.
The key people at Dunbia include the CEO, Jim Dobson, who has been with the company since 1976 and has played a crucial role in its growth and success. Other key members of the team include the COO, the Finance Director, and the Head of Sustainability.
Dunbia's website (www.dunbia.com) is a useful resource for customers and stakeholders, providing information about their products, services, and sustainability efforts. The company's registered office address is at 55A Granville Road, Dungannon, Co. Tyrone, Northern Ireland, BT70 1NJ.
In summary, Dunbia (Northern Ireland) is a leading meat processing company with a strong commitment to sustainability. Their high-quality products and services, along with their focus on environmental responsibility, make them a trusted and respected brand in the industry.