BROKERTEC EUROPE LIMITED
Company Information
- Company Number
- 02645715
- Registered Address
- London Fruit And Wool Exchange, 1 Duval Square, London, England, E1 6PW
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 September 1991
- Nature of Business
- 66120 - Security and commodity contracts dealing activities
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
BROKERTEC EUROPE LIMITED exhibits a strong trend of timely payments, with an average payment time of 24 days. A substantial 86% of invoices are consistently settled within 30 days, indicating a reliable payment velocity. However, 14% of payments extend beyond 30 days, with 6% taking over 60 days, suggesting a minority of payments may deviate from this prompt trend.
Volatility Analysis
Despite the high percentage of on-time payments, the 9% late payment rate introduces some unpredictability for a small but notable portion of transactions. The 8% of payments settling between 31-60 days and especially the 6% extending beyond 60 days indicate a measurable risk of significant payment delays. This suggests moderate volatility, where while most payments are reliable, a noticeable minority could face considerable hold-ups.
Summary Analysis
BROKERTEC EUROPE LIMITED presents a low-to-moderate payment risk for suppliers, largely due to its high percentage of payments within 30 days. Key decision factors for suppliers should include the 9% late payment rate and the 6% of payments exceeding 60 days. To mitigate potential delays for high-value orders, suppliers could consider stricter payment terms or explore early payment discount options.
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 2024 - 30 Jun 2024 | 25 Jul 2024 | 23 | 80% | 20% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 25 | 80% | 20% | 0% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 40 | 58% | 26% | 16% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 24 | 75% | 25% | 0% | 40% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 39 | 46% | 16% | 38% | 65% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 33 | 63% | 23% | 14% | 63% |
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
CME shall make payment to Company forty five (45) days from the date of the receipt of the invoice provided that there is no reasonable dispute with respect to the work.
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
45
Dispute Resolution Process
When AP receives a query from a vendor regarding a payment for an invoice, a check would be done to see if the invoice has been processed for payment. AP would then provide the vendor with the details and breakdown of the payment. AP would also confirm that the remittances are being sent to the correct email address and update if needed. If the invoices had not been paid AP would provide an update of the status of the invoice and work with the business to get the invoices paid and to try to prevent late payment going forwards. Once the invoices are paid AP would contact the vendor again to confirm they had received the funds. If there are any discrepancies on the invoice (E.g., pricing or delivery), AP would notify the vendor and internal contact at point of input in the AP system to get it resolved and paid in a timely manner. AP would also advise of any changes needed to be made to any future invoices to prevent any further delays.
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.
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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.
❌
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
BROKERTEC EUROPE LIMITED operates as an active private limited company in the brokerage technology sector.
The company, registered as 02645715, was incorporated on 13 September 1991. Its registered office is located at London Fruit And Wool Exchange, 1 Duval Square, London, England, E1 6PW.
Companies operating within the brokerage technology sector typically provide specialised software solutions and services to financial organisations in the UK market. These offerings include electronic trading platforms, market data integration, connectivity services, and risk management tools to support efficient and secure trading operations.
