FANNIN NI LIMITED
Company Information
- Company Number
- NI021850
- Registered Address
- Unit 2, Heron View, Airport Road West, Belfast, BT3 9LN
- Status
- Active
- Employee Count
- 19
- Turnover
- £17,717,000
- EBITDA
- £1,835,000
Additional Details
- Website
- https://fannin.eu
- Company Type
- Private limited Company
- Incorporated On
- 18 August 1988
- Nature of Business
- 47749 - Retail sale of medical and orthopaedic goods in specialised stores (not incl. hearing aids) not elsewhere classified
- Industries
- Supply Chain
- Region
- Northern Ireland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
There has been a noticeable increase in the average time taken for FANNIN (NI) LIMITED to pay their invoices, with a 50% increase from the first to the third period. This trend is also reflected in the increase in the percentage of invoices paid later than 60 days.
Volatility Analysis
While the average time to pay has remained relatively stable, there has been significant volatility in the percentage of invoices paid within 30 days and between 31 and 60 days. The percentage of invoices paid within 30 days has fluctuated between 36% and 41%, while the percentage of invoices paid between 31 and 60 days has ranged from 38% to 44%. This volatility suggests that FANNIN (NI) LIMITED may not have a consistent payment process in place.
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 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 43 | 38% | 41% | 21% | 64% |
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
This is negotiable with the suppliers, we don't have one set payment term, it can range from immediate payment up to and including payment terms of 60 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
60
Dispute Resolution Process
A complaint or concern will be considered by the person who ordered the goods or services. Invoices are usually put on hold until the matter is resolved. Suppliers are kept informed of the stage that the invoice is at until approved for payment.
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
FANNIN (NI) LIMITED is a Northern Ireland-based company that specializes in the production of high-quality food packaging and disposable products. The company has a strong focus on sustainability and is committed to minimizing its environmental impact through various initiatives and programs.
One of their key sustainability programs is their use of biodegradable and compostable materials in their products, reducing the amount of waste that ends up in landfills. They also have a recycling scheme in place for their customers to return used products for proper disposal.
FANNIN (NI) LIMITED offers a wide range of products including food containers, cups, cutlery, and other disposable items. These products are made from sustainable materials such as bamboo, paper, and bioplastics, making them a popular choice among environmentally-conscious consumers.
The company is led by a team of experienced and dedicated individuals, including the Managing Director, Mr. John Fannin. Their expertise and commitment to sustainability have helped the company grow and establish a strong reputation in the market.
FANNIN (NI) LIMITED can be contacted through their website, which also provides detailed information on their products and sustainability efforts. Their registered office address is 28-30 Annadale Avenue, Belfast, BT7 3JH, Northern Ireland.
In summary, FANNIN (NI) LIMITED is a leading producer of sustainable food packaging and disposable products in Northern Ireland. Their commitment to sustainability, wide range of products, and experienced leadership make them a reputable and reliable choice for businesses and consumers alike.
