MUSGRAVE RETAIL STORES NI LIMITED
Company Information
- Company Number
- NI659002
- Registered Address
- Belfast Harbour Estate, 1/19 Dargan Drive, Belfast, BT3 9JG
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 February 2019
- Nature of Business
- 47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
- Industries
- Coming Soon
- Region
- Northern Ireland
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
MUSGRAVE RETAIL STORES NI LIMITED exhibits a strong trend of prompt payments, with an excellent 97% of invoices settled within 30 days. Despite this, the average payment time extends to 37 days, indicating that while most payments are very fast, a portion consistently pushes the average beyond the typical 30-day cycle.
Volatility Analysis
Payment reliability is high, demonstrating strong predictability for the vast majority of transactions, as 97% are paid within 30 days. However, the presence of 2% of payments exceeding 60 days and a 7% overall late payment rate introduces a minor degree of unpredictability and risk for a small fraction of invoices.
Summary Analysis
Overall, MUSGRAVE RETAIL STORES NI LIMITED is a reliable payer with a high propensity for prompt settlement, making them a low-risk supplier partner. Suppliers should acknowledge the 7% late payment rate and 37-day average by establishing clear payment terms and considering proactive follow-ups for invoices nearing the 30-day mark to minimize potential delays.
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 |
|---|---|---|---|---|---|---|
| 29 Dec 2024 - 28 Jun 2025 | 25 Jul 2025 | 37 | 97% | 1% | 2% | 7% |
| 30 Jun 2024 - 28 Dec 2024 | 30 Jan 2025 | 27 | 86% | 9% | 5% | 6% |
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
OUR STANDARD PAYMENT TERMS ARE END OF MONTH PLUS 30 DAYS (EOM30). ALL INVOICES DUE FOR PAYMENT PROCESSING WILL BE INCLUDED IN OUR PAYMENT FILE SUBMISSION TO OUR BANKING PARTNER ON OUR TUESDAY/THURSDAY PAYMENT RUNS, WITH CLEARED FUNDS IN SUPPLIER BANK ACCOUNT WITHIN 3 WORKING DAYS OF THE SUBMISSION TO THE BANK
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
90
Dispute Resolution Process
SUPPLIER PAYMENT ISSUES THAT ARISE IN THE FIRST INSTANCE ARE ADDRESSED BY THE FINANCIAL SHARED SERVICES TEAM. DEPENDING ON THE ISSUE, OTHER RELEVANT DEPARTMENTS MAY BE INVOLVED TO RESOLVE ANY DISPUTES AS REQUIRED.
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?
❌
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
MUSGRAVE RETAIL STORES NI LIMITED is an active private limited company that specialises in the operation of retail stores.
Established on 13 February 2019, the company is registered with company number NI659002. Its operations are based in Northern Ireland, with the registered office located at Belfast Harbour Estate, 1/19 Dargan Drive, Belfast, BT3 9JG.
As a retail stores operator, the company typically provides a wide range of consumer goods and services directly to the public in the UK market. This includes the sale of groceries, fresh produce, household essentials, and other general merchandise.
