Industry ranking
The trend for QUADIENT UK LIMITED's average time to pay invoices has been somewhat inconsistent over the past three periods. In 2018-2019, the average time to pay was 40-41 days, but in 2020 it increased to 67 days before decreasing again to 53 days in 2021. However, in 2022 it increased again to 55 days.
There has been some volatility in QUADIENT UK LIMITED's payment patterns over the past three periods. In 2019-2020, there was a significant increase in the percentage of invoices paid later than 60 days, jumping from 14% to 26%. However, in 2020-2021 there was a decrease in this percentage, dropping to 30%. There has also been some fluctuation in the percentage of invoices paid within 30 days, with a decrease from 70% to 36% between 2018-2019 and 2022-2023.
| 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 Feb 2023 - 31 Jul 2023 | 24 Aug 2023 | 44 | 42% | 39% | 19% | 76% |
| 01 Aug 2022 - 31 Jan 2023 | 20 Feb 2023 | 55 | 39% | 34% | 26% | 71% |
| 01 Feb 2022 - 31 Jul 2022 | 22 Aug 2022 | 38 | 35% | 39% | 26% | 83% |
| 01 Aug 2021 - 31 Jan 2022 | 12 Feb 2022 | 42 | 24% | 40% | 36% | 88% |
| 01 Feb 2021 - 31 Jul 2021 | 12 Aug 2021 | 42 | 35% | 42% | 23% | 81% |
| 01 Aug 2020 - 31 Jan 2021 | 19 Feb 2021 | 53 | 36% | 34% | 30% | 82% |
| 01 Feb 2020 - 31 Jul 2020 | 25 Aug 2020 | 67 | 35% | 39% | 26% | 82% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 41 | 58% | 27% | 15% | 65% |
| 01 Feb 2019 - 31 Jul 2019 | 30 Aug 2019 | 41 | 61% | 24% | 15% | 63% |
| 01 Aug 2018 - 31 Jan 2019 | 20 Feb 2019 | 40 | 65% | 22% | 14% | 62% |
| 01 Feb 2018 - 31 Jul 2018 | 23 Aug 2018 | 41 | 70% | 21% | 9% | 58% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice, however we do pay some suppliers less than 30 days and some of our intercompany payments are due at 60 days.
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
60
The department that requested the goods/service will contact the supplier with the dispute within 48 hours, with an aim to find a resolution within 2 weeks.
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
Quadient UK Limited is registered at Companies House under number 02658324, having been incorporated in 1991 as Readypride Limited and later renamed Neopost Limited before adopting its current name in February 2020. Its listed nature of business is the manufacture of office machinery and equipment, excluding computers and peripherals. The company is based in London and forms part of the wider Quadient group, an international business known for mail and parcel handling equipment. No further detail on trading operations, customers or products in the UK is provided in the available Companies House records.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk