Industry ranking
| 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 2022 - 31 Dec 2022 | 31 Jan 2023 | 39 | 74% | 9% | 17% | 26% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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
If we receive 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 than a comment is left for the supplier giving them the dispute reason and also advising them to contact AIB Coupa Helpdesk on 003531-6412340.
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.
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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
AIB Group (UK) p.l.c. is a bank incorporated in Northern Ireland and registered in Belfast, trading as AIB (NI). It provides personal and business banking services across Northern Ireland, including current accounts, savings and deposit accounts, mortgages, loans and overdrafts, credit cards, currency accounts and travel insurance. Customers can bank via branches, cash machines, Post Office services, online and mobile banking, or phoneline banking. The company operates seven branches across Northern Ireland and previously issued First Trust Bank banknotes, now withdrawn in favour of Bank of England notes. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority, and is covered by the Financial Services Compensation Scheme and Financial Ombudsman Service.
Generated from the company's website and Companies House records. Sources: aibni.co.uk · aibni.co.uk