Score of 96.05/100 qualifies for PaymentCheck Certification
| 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 2021 - 31 Dec 2021 | 21 Jan 2022 | 12 | 89% | 11% | 0% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 7 | 98% | 1% | 1% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 6 | 98% | 1% | 1% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 7 | 99% | 1% | 0% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 7 | 99% | 0% | 0% | 0% |
| 01 Jan 2019 - 28 Jun 2019 | 29 Jul 2019 | 6 | 99% | 1% | 1% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 7 | 99% | 1% | 1% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 DAYS
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
“The legal entity of Ulster Bank Limited has been transferred to the legal entity of National Westminster Bank Plc (NWPLC UK) under the Banking Business Transfer Scheme. From the next cycle of reporting, H1 2022, Ulster Bank Limited will not be reported as a separate legal entity and all performance will be included as part of National Westminster Bank Plc (NWPLC UK). Please find below the communication issued as part of this change if you require further information. https://www.ulsterbank.co.uk/globals/banking-business-transfer-scheme.html.”
Maximum contractual payment period agreed
60
The business completes the Account Payables Dispute Process form, the business advice the supplier that the invoice will be returned unpaid to them. Once the dispute is resolved, they will be required to submit a new invoice.
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
Ulster Bank, Limited is a bank registered in Belfast, Northern Ireland, and incorporated in 1867. Companies House records its nature of business as banking activities. The company's secretary is NatWest Group Secretarial Services Limited, indicating it forms part of the wider NatWest Group. Historical filings show mortgage charges registered against the company relating to its Belfast premises and other financial arrangements. As a long-established Northern Irish bank now operating within a larger banking group, its own registered role is that of a group banking subsidiary rather than an independent standalone institution, with day-to-day banking services delivered under the Ulster Bank name.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk