SQUARE ENIX LIMITED exhibits a strong positive trend in payment speed, with an average payment time of just 18 days. A significant 86% of invoices are consistently paid within 30 days, indicating reliable adherence to typical payment terms. This data suggests a consistent and swift payment trajectory for suppliers.
The payment behavior of SQUARE ENIX LIMITED demonstrates high predictability and low volatility, with only 1% of payments categorized as late. While 11% fall into the 31-60 day window, the very low 3% exceeding 60 days confirms minimal risk of significant payment delays. This profile suggests a highly reliable and predictable payment partner for suppliers.
SQUARE ENIX LIMITED is an excellent low-risk payment partner, offering prompt average payment times and strong adherence to agreed terms. Suppliers can confidently expect timely remittances with minimal concern for extended delays or late payments. No specific risk mitigation strategies beyond standard business practices are recommended given their exceptional payment record.
| 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 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 18 | 86% | 11% | 3% | 1% |
| 01 Oct 2018 - 31 Mar 2019 | 16 May 2019 | 30 | 78% | 15% | 7% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 01 Nov 2018 | 25 | 80% | 17% | 3% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
All payment made via bank transfer (BACS/CHAPS etc)
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
30
Such disputes are rare. As such, any complaint that is raised is dealt with straight away. Any such issues are brought to the attention of the accounts payable function with the Finance team who are directly responsible for supplier payments. The Finance team will then investigate the issue, liaise directly with the supplier if required, and resolve the issue as quickly as possible - issuing an urgent payment if required.
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
Square Enix Limited is registered in London and its SIC code covers publishing of computer games. Evidence gathered relates to Final Fantasy XIV, a massively multiplayer online role playing game promoted through a dedicated free trial website inviting players to create characters and explore the game world of Eorzea. The site describes joining over thirty million players worldwide across multiple regions and offers extended free trial access up to level eighty. Based on this, the company's activity centres on publishing and operating video games rather than any other line of business. No further corporate or financial detail beyond the standard company record was supplied.
Generated from the company's website and Companies House records. Sources: freetrial.finalfantasyxiv.com