NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED
Company Information
- Company Number
- NI026041
- Registered Address
- 120 Malone Road, Belfast, BT9 5HT
- Status
- Active
- Employee Count
- 1,578
- Turnover
- £452,100,000
- EBITDA
- £330,300,000
Additional Details
- Website
- https://fusionheating.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 25 October 1991
- Nature of Business
- 35120 - Transmission of electricity35130 - Distribution of electricity
- Industries
- Energy
- Region
- UnknownNot specified in payment practices report
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 | 35 | 39% | 58% | 3% | 7% |
| 01 Jul 2024 - 31 Dec 2024 | 12 Feb 2025 | 47 | 6% | 86% | 8% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 47 | 4% | 88% | 8% | 17% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 47 | 3% | 89% | 8% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 48 | 6% | 85% | 9% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 49 | 5% | 86% | 9% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 44 | 5% | 86% | 9% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 46 | 7% | 85% | 8% | 19% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 49 | 5% | 87% | 8% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Jul 2019 | 48 | 5% | 87% | 8% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 56 | 4% | 82% | 14% | 47% |
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
NIE Networks’ standard payment terms state that payment of third party invoices for goods or services will be made within 45 days of receipt of a correct, undisputed and properly due VAT invoice, unless otherwise agreed in writing by a duly authorised representative. Invoices should be submitted promptly to the correct address quoting a valid purchase order. The correct invoicing address, which is included on all purchase orders is; Northern Ireland Electricity Networks Ltd, PO Box 7787, Corby, NN17 9HA.
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
45
Dispute Resolution Process
NIE Networks’ core values include being committed to our communities and acting with integrity. We therefore endeavour to resolve all disputes in a fair and timely manner. Queries regarding the status of an invoice can be directed to our Accounts Payable Team via the following email address; accountspayable@nienetworks.co.uk For specific contractual disputes please contact the individual who initially ordered the goods or services provided. The agreed contractual dispute process will then be followed.
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
Northern Ireland Electricity Networks Limited (NIE Networks) is responsible for the management, maintenance, and development of the electricity network in Northern Ireland. As the largest electricity distribution company in Northern Ireland, NIE Networks is committed to providing reliable and sustainable electricity services to over 860,000 customers.
NIE Networks has a strong focus on sustainability and has implemented various programs to reduce its environmental impact. These include initiatives to increase the use of renewable energy sources and decrease carbon emissions, as well as efforts to improve energy efficiency and reduce waste. The company also has a dedicated Sustainability Manager who oversees and drives these initiatives.
In terms of products and services, NIE Networks offers a range of options for customers to manage their electricity usage, including online account management and the use of smart meters. The company also offers a Priority Services Register for vulnerable customers, ensuring they receive extra support during power outages.
The key people at NIE Networks include the Managing Director, Paul Stapleton, who has over 30 years of experience in the electricity industry, and the Chairman, Dr. Stephen Kingon, who has a background in finance and business.
NIE Networks can be contacted through their website, which provides information on power outages, customer support, and energy saving tips. Their registered office address is 120 Malone Road, Belfast, BT9 5HT, Northern Ireland.
Overall, NIE Networks is a responsible and sustainable electricity distribution company, committed to providing reliable services to its customers while also minimizing its impact on the environment.
