IHS GLOBAL LIMITED demonstrates a strong trend of timely payments, with an average settlement period of 24 days. A significant 77% of invoices are consistently paid within 30 days, indicating good adherence to typical payment terms.
Despite the overall promptness, 17% of payments fall into the 31-60 day bracket, with a further 6% extending beyond 60 days. This introduces a degree of unpredictability for a minority of invoices, suggesting a moderate risk of extended payment cycles.
Overall, IHS GLOBAL LIMITED is a dependable client for most transactions, consistently paying the majority of invoices on time. Suppliers should be aware of the minority of payments that may incur delays (up to 23% beyond 30 days) and consider implementing proactive follow-up for invoices approaching 30-day maturity to manage cash flow expectations.
| 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 | 12 Feb 2024 | 37 | 71% | 14% | 14% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days - invoice date to payment date with 1,7 and 15 day excepted categories.
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
60
Payment Terms, including exceptions, per Policy are applied to all qualifying contracts. Where a negotiation is required IHS Global Limited will consider the uniqueness of the value that the vendor provides. The facility for specific exemption to be granted does exist but requires senior finance management approval. All qualifying contracts contains terms for late payment or non-payment including the levying of interest and termination for cause.
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
IHS GLOBAL LIMITED is an active private limited company. Its name indicates it operates with a global scope.
The company was incorporated on 21 January 1964 and holds company number 00788737. Its registered office is located in London at 4th Floor Ropemaker Place, 25 Ropemaker Street, EC2Y 9LY.
Private limited companies in the UK typically engage in a broad spectrum of commercial activities, offering various products and services. These entities commonly operate across diverse sectors, including professional services, technology, manufacturing, and retail, benefiting from limited liability for their shareholders.