ITOCHU EUROPE PLC
Company Information
- Company Number
- 02098168
- Registered Address
- The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 9 February 1987
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
ITOCHU EUROPE PLC consistently demonstrates strong payment discipline, with an average payment time of 27 days. A substantial 79% of invoices are settled within 30 days, reflecting efficient internal processes. However, 21% of payments extend beyond 30 days, with 2% taking over 60 days, indicating a segment of slower processing for some transactions.
Volatility Analysis
Payment behavior from ITOCHU EUROPE PLC is highly predictable for the majority, with nearly four-fifths of payments processed within 30 days. The presence of 19% of payments extending to 31-60 days and 2% beyond 60 days introduces a moderate level of variability for specific invoices. The explicitly stated 4% late payment rate indicates a low but consistent risk of formal delays, which suppliers should factor into cash flow projections.
Summary Analysis
Overall, ITOCHU EUROPE PLC is a largely reliable payer, with prompt average payment times and a low formal late payment rate of 4%. Suppliers can generally expect timely payments, but should prepare for the possibility that 21% of invoices may extend beyond 30 days, including a small portion exceeding 60 days. To mitigate potential cash flow impacts, consider establishing clear payment terms and robust follow-up procedures for payments approaching the 60-day mark.
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 Apr 2025 - 30 Sept 2025 | 20 Nov 2025 | 27 | 79% | 19% | 2% | 4% |
| 01 Oct 2024 - 31 Mar 2025 | 24 Apr 2025 | 26 | 77% | 21% | 2% | 4% |
| 01 Apr 2024 - 30 Sept 2024 | 28 Oct 2024 | 28 | 75% | 23% | 2% | 7% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 29 | 77% | 20% | 3% | 9% |
| 01 Apr 2023 - 30 Sept 2023 | 22 Oct 2023 | 26 | 77% | 21% | 2% | 7% |
| 01 Oct 2022 - 31 Mar 2023 | 30 Apr 2023 | 30 | 73% | 23% | 4% | 11% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 31 | 64% | 32% | 4% | 21% |
| 01 Oct 2021 - 31 Mar 2022 | 26 Apr 2022 | 30 | 68% | 27% | 5% | 20% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 28 | 68% | 28% | 4% | 27% |
| 01 Oct 2020 - 31 Mar 2021 | 27 Apr 2021 | 26 | 65% | 32% | 3% | 25% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 30 | 64% | 30% | 6% | 32% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 29 | 65% | 28% | 7% | 25% |
| 01 Apr 2019 - 30 Sept 2019 | 14 Oct 2019 | 28 | 70% | 26% | 4% | 2% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 18 | 79% | 18% | 3% | 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
Itochu Europe PLC do not have Standard Payment Terms. Payment Terms are agreed for each contract. The followings are commonly used Payment Terms for each type of contract. Marketable Commodity Cash Against Document, Cash Against Document via Bank, Letter of Credit at sight Trading Goods / Services Plastics (Basic Commodity) = 10 days after invoice date Industrial Textile Material = 30 days after B/L date or Letter of Credit at sight Meat Products = 30days after B/L date Operating Expenses 30 days from Invoice Date or at the end of following invoice month
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
180
Dispute Resolution Process
If the supplier has concern or complaint, please contact below address by e-mail or letter including some evidences (such as copy of invoice, our order sheet, signed quotation sheet, etc) which would help us to identify the problem. We will reply to you within 3 working days of receipt of communication. If in case we are unable to take an immediate action to resolve the problem, we will indicate an expecting length of time for resolving the problem in our reply. If our action / reply was not satisfactory and the supplier would like to take the problem further (e.g. dispute / legal action), please contact our Legal Department Contact Address Itochu Europe PLC The BroadGate Tower 20 primrose Street London EC2 2EW First Contact Department: Accounts Department e-mail address: LDN_accounts@itochu co.uk Further concern Department: Legal Department e-mail address: legal@itochu co.uk
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
ITOCHU EUROPE PLC operates as a Public Limited Company, indicating a large-scale business presence in the UK
Its name suggests it functions as the European arm of the global ITOCHU organisation
The company holds the active company number 02098168 and was incorporated on 9 February 1987
Its registered office is located in London at The Broadgate Tower, 20 Primrose Street, EC2A 2EW
Public Limited Companies typically engage in a wide range of commercial activities
These commonly include international trading, investment, and distribution across various industrial and commercial sectors
Such organisations often provide a diverse portfolio of products and services, facilitating global import and export operations
