AIB GROUP (UK) P.L.C.
Company Information
- Company Number
- NI018800
- Registered Address
- 92 Ann Street, Belfast, BT1 3HH
- Status
- Active
- Employee Count
- 681
- Turnover
- £528,000,000
- EBITDA
- £326,000,000
Additional Details
- Website
- https://aibni.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 18 November 1985
- Nature of Business
- 64191 - Banks
- Industries
- Coming Soon
- Region
- Northern Ireland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 36 | 82% | 8% | 10% | 18% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 33 | 79% | 10% | 11% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 30 | 81% | 7% | 12% | 18% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 59 | 74% | 8% | 18% | 26% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 33 | 77% | 10% | 13% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 25 | 82% | 11% | 7% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 31 | 77% | 11% | 11% | 23% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 35 | 72% | 13% | 15% | 28% |
| 01 Jan 2020 - 30 Jun 2020 | 23 May 2022 | 37 | 73% | 13% | 14% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 24 May 2022 | 42 | 71% | 12% | 17% | 29% |
| 01 Jan 2019 - 30 Jun 2019 | 24 May 2022 | 34 | 73% | 13% | 14% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 34 | 72% | 12% | 16% | 28% |
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
AIB shall pay the Charges by electronic transfer or such other method designated by AIB within thirty (30) days of the date of receipt of a correct and valid invoice submitted in accordance with our Purchase Terms.
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
30
Dispute Resolution Process
If we received an invoice and there is something wrong with it this will be disputed back to the vendor. We have 2 ways of disputing invoices, manually and Auto-dispute. When we manually dispute an invoice a comment is left on the invoice telling the supplier the reason behind the dispute and how to fix this. If the invoice is Auto-disputed then a comment is left for the supplier giving them the dispute reason and also advising them to contact AIB Coupa Helpdesk on 003531-6412340.
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
Company Summary
AIB GROUP (UK) P.L.C. is a leading banking and financial services company in the United Kingdom. The company offers a wide range of products and services, including corporate and personal banking, insurance, wealth management, and investment banking.
One of the key focuses of AIB GROUP (UK) P.L.C. is sustainability. The company has a comprehensive sustainability program in place, which aims to reduce its environmental impact and promote responsible business practices. This includes initiatives such as reducing carbon emissions, promoting diversity and inclusion, and supporting local communities.
The company's products and services are designed to meet the diverse needs of its customers. Its corporate banking services cater to the needs of businesses of all sizes, offering a range of financial solutions such as lending, cash management, and trade finance. AIB GROUP (UK) P.L.C. also offers personal banking services, including savings and investment products, mortgages, and insurance.
The key people at AIB GROUP (UK) P.L.C. include the Chief Executive Officer, Colin Hunt, and the Chairman, Richard Pym. The company has a team of experienced and dedicated professionals who work towards the company's goals of providing excellent customer service and driving sustainable growth.
For more information on AIB GROUP (UK) P.L.C., including its products and services, sustainability program, and key people, visit their website at www.aibgb.co.uk. The registered office address of the company is 10 Molesworth Street, Dublin 2, Ireland.
