PITNEY BOWES FINANCE LIMITED
Company Information
- Company Number
- 00820730
- Registered Address
- 5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU
- Status
- Active
- Employee Count
- 4
- Turnover
- £7,519,000
- EBITDA
- £6,184,000
Additional Details
- Website
- https://pitneybowes.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 24 September 1964
- Nature of Business
- 64910 - Financial leasing
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for PITNEY BOWES FINANCE LIMITED to pay invoices to suppliers has fluctuated over the past three periods, with a slight increase in the most recent period. The percentage of invoices paid within 30 days has also fluctuated, with a significant decrease in the most recent period. The percentage of invoices paid between 31 and 60 days has increased in the most recent period, while the percentage of invoices paid later than 60 days has remained consistently low. The percentage of invoices not paid within agreed terms has also fluctuated, with a significant increase in the most recent period.
Volatility Analysis
The volatility of PITNEY BOWES FINANCE LIMITED's payment process can be seen in the fluctuations in the average time taken to pay invoices, the percentage of invoices paid within 30 days, and the percentage of invoices not paid within agreed terms. These fluctuations suggest that the company's payment processes may not be consistent or efficient.
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 2023 - 31 Jan 2023 | 03 Aug 2023 | 4 | 100% | 0% | 0% | 100% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 22 | 75% | 26% | 0% | 96% |
| 01 Jan 2022 - 30 Jun 2022 | 07 Jul 2022 | 26 | 68% | 29% | 3% | 97% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 24 | 78% | 22% | 0% | 73% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 27 | 75% | 19% | 6% | 92% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Mar 2021 | 28 | 56% | 44% | 0% | 97% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 26 | 57% | 43% | 0% | 100% |
| 01 Jul 2019 - 31 Dec 2019 | 08 Apr 2020 | 16 | 85% | 15% | 0% | 98% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 23 | 88% | 8% | 3% | 67% |
| 01 Jul 2018 - 31 Dec 2018 | 18 Jan 2019 | 14 | 94% | 6% | 0% | 32% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 22 | 80% | 18% | 2% | 33% |
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
45
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
45
Dispute Resolution Process
We have a helpdesk which can handle questions in multiple languages and aims to turn them around within 48 hours.
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
PITNEY BOWES FINANCE LIMITED is a financial services company that specializes in providing financing solutions to businesses. They offer a range of services including leasing, rental, and finance options for equipment and technology, as well as commercial lending and asset-based lending.
One of the key initiatives of PITNEY BOWES FINANCE LIMITED is their sustainability program, which focuses on reducing their environmental impact and promoting sustainable business practices. This includes initiatives such as reducing carbon emissions, conserving energy, and using sustainable materials in their operations.
Their products and services are designed to help businesses manage their finances more effectively, with a focus on leasing and financing solutions for equipment and technology. They also offer commercial lending and asset-based lending options to help businesses access the funds they need to grow and succeed.
Key people at PITNEY BOWES FINANCE LIMITED include their CEO, Kevin Connell, and their Managing Director, David Bower. The company is headquartered in Hatfield, Hertfordshire, and their registered office address is Building 5 Trident Place, Mosquito Way, Hatfield, AL10 9UJ, United Kingdom.
For more information on PITNEY BOWES FINANCE LIMITED and their services, you can visit their website at www.pitneybowes.co.uk/finance. They also have a dedicated customer service team that can be contacted through their website or by phone at 0800 748 6426.
