NORTHERN BANK LIMITED
Company Information
- Company Number
- R0000568
- Registered Address
- Donegall Square West, Belfast, BT1 6JS
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 September 1883
- Nature of Business
- 64191 - Banks
- Industries
- Coming Soon
Time to Pay
Payment Timeline
Payment Features
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 | 11 Aug 2025 | 17 | 98% | 2% | 0% | 2% |
| 01 Jul 2024 - 31 Dec 2024 | 14 Jan 2025 | 17 | 96% | 3% | 1% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 19 | 95% | 4% | 1% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 08 Mar 2024 | 19 | 95% | 4% | 1% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Aug 2023 | 20 | 91% | 9% | 0% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Mar 2023 | 19 | 92% | 8% | 0% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 17 | 98% | 2% | 0% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 13 | 99% | 1% | 0% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 13 Jan 2021 | 11 | 97% | 2% | 1% | 3% |
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
The Bank shall pay the undisputed amount of such invoices within 30 days of receipt of a valid and correct invoice, as per the contractual term for all goods and services.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
None
Maximum contractual payment period agreed
30
Dispute Resolution Process
The business will reject the invoice on the accounts payable system with the reason. The account payable team revert to the supplier. When dispute is resolved the original or a revised invoice is resubmitted 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
Northern Bank Limited is a leading financial institution in the United Kingdom, providing a wide range of banking products and services to its clients
The bank has a strong focus on sustainability and is committed to promoting sustainable practices in all its operations.\n\nThe bank offers a variety of products and services, including personal and business banking, loans, mortgages, and investment services
It also provides online and mobile banking options for convenient and secure banking.\n\nOne of the key people at Northern Bank Limited is the CEO, who oversees the overall operations and strategic direction of the bank
The bank also has a team of experienced and dedicated professionals who work together to deliver exceptional customer service.\n\nIn terms of sustainability, Northern Bank Limited has implemented various initiatives to reduce its environmental impact and promote sustainable practices
This includes reducing paper usage, promoting energy efficiency, and investing in renewable energy sources
The bank also supports community projects and charities through its Corporate Social Responsibility program.\n\nFor customers who want to contact Northern Bank Limited, they can do so through their website or by visiting their registered office at Northern Bank House, Donegall Square West, Belfast, BT1 6JS
The bank's website, www.northernbank.co.uk, provides information on their products and services, as well as updates on their sustainability efforts.\n\nOverall, Northern Bank Limited is a reputable and sustainable financial institution that offers a wide range of products and services to its customers
With its commitment to sustainability and focus on customer satisfaction, it continues to be a trusted and reliable choice for banking in the UK
