Score of 92.8/100 qualifies for PaymentCheck Certification
IRON MOUNTAIN (UK) PLC consistently exhibits highly efficient payment trends, with an impressive average payment time of 18 days. A substantial 86% of invoices are settled within 30 days, demonstrating strong consistency. The payment trajectory indicates very stable and prompt performance, with no invoices extending beyond 60 days.
Payment reliability is exceptionally high, marked by only 14% of invoices falling into the 31-60 day bracket and a minimal 2% classified as late. This indicates strong predictability and very low risk of significant payment delays for suppliers. The complete absence of payments exceeding 60 days underscores a stable and dependable payment behavior.
IRON MOUNTAIN (UK) PLC represents a very low-risk counterparty for suppliers based on these payment metrics. Key decision factors include their rapid average payment time and the near-perfect record of settling invoices within 60 days. Suppliers can proceed with high confidence, with no specific risk mitigation strategies beyond standard credit terms appearing necessary.
| 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 | 01 Aug 2025 | 18 | 86% | 14% | 0% | 2% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 16 | 87% | 12% | 1% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Iron Mountain adopts standard payment terms. Global standard payment terms are 60-days, with a UK exception of 45-days. This policy is not published on our website.
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
90
Non PO Invoice Invoice approval, Invoice mismatch, Invoice query - Will be routed to IRM reviewer/approver PO invoice GR booking, PO query, PO discrepancies - Will be routed to IRM requestor/buyer
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
IRON MOUNTAIN (UK) PLC is an active public limited company. This corporate structure enables it to operate on a larger scale within the UK market, with the capability to raise capital from the public.
The company was incorporated on 11 February 1980 and holds company number 01478540. Its registered office is located at Ground Floor, 4 More London Riverside, London, United Kingdom, SE1 2AU.
Public limited companies typically operate across a broad spectrum of industries within the UK market. They are often characterised by their extensive reach, formal governance structures, and capacity to deliver a wide array of products or services to a large customer base.