ICE FUTURES EUROPE
Company Information
- Company Number
- 01528617
- Registered Address
- Milton Gate, 60 Chiswell Street, London, EC1Y 4SA
- Status
- Active
- Employee Count
- 200.0
- Turnover
- 292736000.0
- EBITDA
- 190858000.0
Additional Details
- Website
- https://theice.com
- Company Type
- Private unlimited company
- Incorporated On
- 17 November 1980
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified$66110 - Administration of financial markets$82990 - Other business support service activities not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 19 | 84% | 8% | 8% | 16% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 26 | 81% | 10% | 9% | 19% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 26 | 80% | 10% | 10% | 20% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 29 | 78% | 11% | 11% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 24 | 75% | 15% | 10% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 23 | 80% | 12% | 8% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 26 | 78% | 12% | 10% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 27 | 76% | 13% | 11% | 29% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 28 | 81% | 7% | 12% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 24 | 81% | 11% | 8% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 35 | 62% | 23% | 15% | 58% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 30 | 71% | 18% | 11% | 56% |
Company Summary
ICE Futures Europe is a leading commodity futures exchange based in London, United Kingdom
It offers a wide range of energy, agriculture, metals, and environmental products for trading, clearing, and settlement
The sustainability program of ICE Futures Europe focuses on promoting responsible practices in the commodity markets and reducing the environmental impacts of its operations
This includes initiatives such as carbon offsetting, energy efficiency measures, and involvement in global sustainability initiatives
The exchange offers a variety of products and services to its clients, including futures contracts, options, and over-the-counter (OTC) contracts
It also provides market data, information, and tools for risk management and price discovery
The key people at ICE Futures Europe include its Chief Executive Officer, Stuart Williams, and its President, David Peniket
The exchange is part of the Intercontinental Exchange (ICE) group, which is led by Chairman and CEO, Jeffrey Sprecher
The registered office address of ICE Futures Europe is 5 New Street Square, London, EC4A 3TW, United Kingdom
Its website address is www.theice.com/ice-futures-europe
In summary, ICE Futures Europe is a leading commodity futures exchange in London, offering a variety of products and services while also prioritizing sustainability initiatives
Its key people, including CEO Stuart Williams, are dedicated to providing a reliable and responsible platform for commodity trading
Company Review
Trend Analysis
The average time taken for ICE FUTURES EUROPE to pay invoices to suppliers has decreased from 30 days in the first period to 19 days in the last period. The percentage of invoices paid within 30 days has consistently been high, with a peak of 84% in the last period. However, there has been some volatility in the percentage of invoices paid between 31 and 60 days and those paid later than 60 days.
Volatility Analysis
The average time taken for ICE FUTURES EUROPE to pay invoices has fluctuated between 19 and 35 days, with a decrease in the last two periods. The percentage of invoices paid within 30 days has ranged from 75% to 84%, with a slight increase in the last period. The percentage of invoices paid between 31 and 60 days has ranged from 7% to 23%, with a decrease in the last period. The percentage of invoices paid later than 60 days has ranged from 8% to 15%, with a slight decrease in the last period.
Summary Analysis
From 2018 to 2023, the average time taken for ICE FUTURES EUROPE to pay invoices has decreased from 30 days to 19 days. The percentage of invoices paid within 30 days has consistently been high, with a peak of 84% in the last period. The percentage of invoices paid between 31 and 60 days has fluctuated, with a decrease in the last period. The percentage of invoices paid later than 60 days has also fluctuated, with a slight decrease in the last period. The shortest standard payment period has remained at 30 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The performance figures include payments made to numerous large professional services providers which, given their nature, require detailed review before approval and payment. Accordingly these payments can contribute to a longer average number of days to pay and a higher percentage of payments due not paid within the stated payment period.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Dispute resolutions are handled on a case by case basis based on individual facts and circumstances. ICE Futures Europe seeks to resolve disputes as quickly as possible; we have a dedicated accounts payable team that support suppliers with query resolution. In the event that the accounts payable team is unable to resolve a dispute, they will refer the matter to senior management 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.
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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
