GAIN CAPITAL UK LIMITED
Company Information
- Company Number
- 01761813
- Registered Address
- Devon House, 58 St Katharine's Way, London, United Kingdom, E1W 1JP
- Status
- Active
- Employee Count
- 7
- Turnover
- £0
- EBITDA
- -£1,558,000
Additional Details
- Website
- https://cityindex.com.au/
- Company Type
- Private limited Company
- Incorporated On
- 17 October 1983
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Software
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for GAIN CAPITAL UK LIMITED to pay invoices has fluctuated over the past three periods, with a gradual decrease from 33 days in 2019 to 23 days in 2020, followed by a slight increase to 24 days in 2021. This indicates that the company has been making efforts to pay invoices more quickly, but there is still room for improvement.
Volatility Analysis
The percentage of invoices paid within 30 days has also fluctuated over the past three periods, with a significant increase from 52% in 2019 to 86% in 2020, followed by a decrease to 84% in 2021. This indicates that the company has been consistently paying a higher percentage of invoices within 30 days, but there has been some volatility over the past year.
Summary Analysis
From 2019 to 2021, GAIN CAPITAL UK LIMITED has shown improvement in their payment practices, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. However, in 2022, there was a significant increase in the percentage of invoices paid later than 60 days, which could be a cause for concern.
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 2022 - 30 Jun 2022 | 19 Jul 2022 | 36 | 16% | 40% | 44% | 84% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jul 2022 | 29 | 34% | 36% | 30% | 66% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jul 2022 | 24 | 84% | 15% | 2% | 16% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 23 | 86% | 11% | 3% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Sept 2020 | 27 | 79% | 19% | 3% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 29 | 75% | 17% | 8% | 25% |
| 01 Jan 2019 - 30 Jun 2019 | 27 Nov 2019 | 33 | 52% | 41% | 7% | 48% |
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
30 days
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
30
Dispute Resolution Process
If suppliers have any issues with payments or unpaid invoices then they contact our Accounts Payable team via email or phone. All issues are looked to be resolved within 3 - 5 working days
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
GAIN CAPITAL UK LIMITED is a financial services company based in London, United Kingdom. They specialize in providing online trading services for foreign exchange, contracts for difference, and other financial instruments.
The company was founded in 1999 and has since grown to become one of the largest online trading providers in the UK. They are authorized and regulated by the Financial Conduct Authority (FCA) and are committed to providing a safe and secure trading environment for their clients.
In terms of sustainability, GAIN CAPITAL UK LIMITED has implemented a number of initiatives to reduce their environmental impact and promote social responsibility. They have introduced paperless processes, energy-efficient technologies, and support various charitable causes through their corporate social responsibility program.
Their main product is the trading platform, City Index, which offers access to over 12,000 markets including forex, indices, commodities, and shares. They also provide educational resources and tools to help clients make informed trading decisions.
The key people at GAIN CAPITAL UK LIMITED include Glenn Stevens, the CEO, and Samantha Roady, the President. Both bring a wealth of experience in the financial industry and are dedicated to driving the company's success.
The company's registered office address is Park House, 16 Finsbury Circus, London EC2M 7EB. They can be contacted via phone at +44 (0) 20 7170 0941 or through their website, www.cityindex.co.uk. Overall, GAIN CAPITAL UK LIMITED is a reputable and sustainable financial services company that offers a wide range of trading products and services to its clients.
