Industry ranking
Score of 100/100 qualifies for PaymentCheck Certification
The average time taken for SPRINGPOINT UK LIMITED to pay invoices has decreased from 21 days in the period of July 2018 to December 2018 to 11 days in the period of January 2021 to June 2021. This shows a consistent trend of the company paying invoices earlier over the past three periods.
The data shows minimal volatility in the average time taken for SPRINGPOINT UK LIMITED to pay invoices, with a decrease of 2 days from the period of July 2018 to December 2018 to the period of July 2020 to December 2020, and a further decrease of 1 day in the period of January 2021 to June 2021.
The average time taken for SPRINGPOINT UK LIMITED to pay invoices has consistently decreased over the past three periods, from 21 days in the period of July 2018 to December 2018 to 11 days in the period of January 2021 to June 2021. This is a significant decrease of 10 days, indicating an improvement in the company's payment efficiency.
| 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 2021 - 30 Jun 2021 | 14 Jul 2021 | 11 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Jan 2021 | 18 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 19 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 16 Jan 2019 | 21 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard is based on vendor category, ranges from Payable Upon Receipt to Net 52.
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
52
This is handled on a case by case basis, starting with our accounts payable department with escalation to the CFO.
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
Springpoint UK Limited was a private limited company registered in England, incorporated in 1990. Companies House records classified its business under the SIC code for management of real estate on a fee or contract basis. The company had previously traded as Corporatequest Limited, then Springpoint Limited, and later as Virgo Health PR Limited, before reverting to the Springpoint UK Limited name. It was registered at an address in Milton Keynes. The company entered liquidation and was dissolved on 4 March 2026. No further detail on its trading activities, clients or services is available from the evidence provided.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk