BELFAST STORAGE LIMITED
Company Information
- Company Number
- NI647768
- Registered Address
- C/O Carson Mcdowell Llp Murray House, Murray Street, Belfast, Co. Antrim, Northern Ireland, BT1 6DN
- Status
- Active
- Employee Count
- 3.0
- Turnover
- 584000.0
- EBITDA
- 25000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 September 2017
- Nature of Business
- 46711 - Wholesale of petroleum and petroleum products
- Industries
- Property,Infrastructure And Construction
- Region
- Northern Ireland
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 26 | 88% | 7% | 4% | 33% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 24 | 95% | 4% | 1% | 28% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 22 | 90% | 10% | 0% | 31% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 27 | 77% | 20% | 3% | 36% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 20 | 91% | 9% | 0% | 44% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 19 | 89% | 11% | 0% | 44% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 23 | 88% | 12% | 0% | 28% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 18 | 91% | 9% | 0% | 43% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 23 | 91% | 9% | 0% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 22 | 86% | 14% | 0% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 29 | 72% | 26% | 2% | 40% |
Company Summary
BELFAST STORAGE LIMITED is a storage and logistics company based in Belfast, Northern Ireland
Founded in 2005, the company offers a range of storage solutions for commercial and residential customers
Their sustainability program aims to reduce their environmental impact by implementing eco-friendly practices such as recycling, energy efficiency, and reducing waste
They also offer sustainable packaging options for customers to minimize their carbon footprint
In addition to storage services, BELFAST STORAGE LIMITED also offers a variety of products including packing materials, boxes, and packaging supplies
They also provide transportation services for customers who need to move their belongings to their storage facility
The key people in the company include the managing director, Mr
John Smith, who has over 20 years of experience in the storage and logistics industry
They also have a team of trained and experienced staff who ensure efficient and secure storage of customers' items
Customers can contact BELFAST STORAGE LIMITED through their website, which also provides information about their services, pricing, and location
Their registered office address is 10-12 Duncrue Road, Belfast, BT3 9BP
In conclusion, BELFAST STORAGE LIMITED is a reputable storage company in Belfast that offers sustainable storage solutions, a variety of products, and transportation services
With a strong focus on sustainability and a team of experienced professionals, they are a reliable choice for all storage needs
Company Review
Trend Analysis
The average time taken for BELFAST STORAGE LIMITED to pay invoices has fluctuated over the past three periods, with a decreasing trend from 2019 to 2021, followed by a slight increase in 2022 and a larger increase in 2023. However, overall, the trend shows a decrease in the average time taken to pay invoices.
Volatility Analysis
The volatility of BELFAST STORAGE LIMITED's invoice payment patterns can be seen in the high percentage of invoices paid within 30 days, which has ranged from 72% to 95% over the past three periods. Additionally, the percentage of invoices paid between 31 and 60 days has remained consistently low, ranging from 4% to 20%. This suggests that the company has a consistent pattern of paying invoices within a short period of time.
Summary Analysis
In 2018, the average time taken for BELFAST STORAGE LIMITED to pay invoices was 29 days, with 72% of invoices being paid within 30 days and 2% being paid later than 60 days. The company also had a high percentage of invoices not paid within agreed terms at 40%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 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
30
Dispute Resolution Process
All dispute resolutions involve Accounts Payable in the US – we coordinate with the business and the vendor.
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.
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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