EQUIFAX LIMITED

PaymentCheck Score 2024
85Good
#1612 in UK
#26 in Software
#737 in London

Company Information

Company Number
02425920
Registered Address
1 Angel Court, London, United Kingdom, EC2R 7HJ
Status
Active
Employee Count
488
Turnover
£121,296,000
EBITDA
£8,370,000

Additional Details

Company Type
Private limited Company
Incorporated On
25 September 1989
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Software
Region
London

Time to Pay

Average Time to Pay
25 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
68%
31-60 Days
29%
After 60 Days
3%
Not Paid Within Terms1%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202429 May 20252275%24%1%2%
01 Jan 2024 - 30 Jun 202429 Jul 20242568%29%3%1%
01 Jan 2022 - 30 Jun 202206 Sept 20223453%38%9%1%
01 Jul 2021 - 31 Dec 202117 Mar 20223349%43%7%3%
01 Jan 2021 - 30 Jun 202119 Aug 20213055%40%5%3%
01 Jul 2020 - 31 Dec 202019 Feb 20213162%33%5%2%
01 Jan 2020 - 30 Jun 202014 Sept 20203555%30%15%1%
01 Jul 2019 - 31 Dec 201931 Jan 20203358%33%10%21%
01 Jan 2018 - 30 Jun 201826 Jul 20184056%29%15%40%

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

Standard payment terms for Equifax are 30 days or 60 days. Small businesses are contracted at 30 day payment terms with larger businesses being on 60 day terms.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

Late payment disputes are raised by the supplier and/or the business manager responsible for the goods/services with Procurement and/or Finance, depending on the reason for nonpayment. Action is taken immediately to resolve all disputes and to clear invoices for payment.

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

Equifax Limited is a leading consumer and business information services company based in the UK. The company offers a range of products and services that help businesses and individuals make informed decisions.

Their sustainability program focuses on reducing the company's environmental impact and promoting social responsibility. This includes initiatives such as reducing energy consumption, promoting recycling, and supporting local communities through volunteering and charitable donations.

Equifax Limited's products and services include credit reports, fraud detection and prevention solutions, identity verification services, and marketing and analytics tools. These products and services help businesses make better decisions and manage risk, while also providing individuals with access to their credit information and protection from fraud.

The key people at Equifax Limited include the CEO, Patricio Remon, and the Managing Director, Lisa Hardstaff. Both leaders have extensive experience in the credit and data industry.

Contact information for Equifax Limited can be found on their website, including their registered office address in London. The website also provides information on their products and services, as well as the company's sustainability efforts. Overall, Equifax Limited is committed to providing reliable and ethical information services while also promoting sustainability and social responsibility.

Financial Metrics

Cash
£24,259,000
Net Worth
-£12,490,000
Total Current Assets
£55,996,000
Total Current Liabilities
£29,491,000

Company Location