EXPERIAN FINANCE PLC

PaymentCheck Score 2024
75Good
1.0vs last year
#2498 in UK
#83 in East Midlands

Company Information

Company Number
00146575
Registered Address
The Sir John Peace Building Experian Way, Ng2 Business Park, Nottingham, NG80 1ZZ
Status
Active
Employee Count
277
Turnover
£89,000,000
EBITDA
£4,000,000

Additional Details

Company Type
Public limited Company
Incorporated On
17 March 1917
Nature of Business
64205 - Activities of financial services holding companies
Industries
Coming Soon
Region
East Midlands

Time to Pay

Average Time to Pay
34 days
Shortest Period:5 days
Longest Period:0 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
64%
31-60 Days
28%
After 60 Days
8%
Not Paid Within Terms9%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-05-24
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2023 - 31 Mar 202424 May 20243464%28%8%9%
01 Apr 2023 - 30 Sept 202303 Nov 20233465%31%4%10%
01 Oct 2022 - 31 Mar 202322 Jun 20233265%31%5%2%

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

Under Experian’s standard contractual terms we commit to the payment of all invoices no later than the last day of the month following the month in which it receives a Correct Invoice from the supplier either via ISupplier or via our Accounts Payable department in our finance shared service centre via email accounts.payable@experian.com.

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

Any disputes arising about payments or sums under an agreement between Experian and its Supplier (“Dispute”), will be reviewed under reasonable endeavours to negotiate and settle the dispute. The initial point of contact for a Dispute is set out in the table below. Full details of the dispute process can be found on our web page – http://www.experian.com/corporate/suppliers.html If, following the ten (10) Working Days, this is not possible, either party may escalate the Dispute in accordance with the escalation procedure in the table below, by giving written notice to the other party. If the parties have exhausted the escalation procedure set out below, either party may refer a dispute to the courts for resolution.

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

Experian Finance PLC is a global information services company that offers data and analytics solutions to help businesses and individuals make informed decisions. The company is headquartered in Dublin, Ireland and has a registered office in Nottingham, UK.

The company's sustainability program focuses on responsible and ethical business practices, including reducing their environmental impact and promoting diversity and inclusion. They also have a strong commitment to data privacy and security.

Experian Finance PLC offers a wide range of products and services, including credit reports, credit monitoring, fraud detection and prevention, and marketing services. Their data and analytics solutions help businesses manage risk, improve customer relationships, and make strategic decisions.

The key people at Experian Finance PLC include CEO Brian Cassin and Chairman Don Robert, both of whom have extensive experience in the financial and information services industries.

To contact Experian Finance PLC, individuals and businesses can visit their website at www.experianplc.com. Their registered office address is The Sir John Peace Building, Experian Way, NG2 Business Park, Nottingham, NG80 1ZZ, UK.

Financial Metrics

Cash
£11,320,449
Net Worth
£8,677,933,209
Total Current Assets
£1,023,692,083
Total Current Liabilities
£5,341,634,996

Company Location