INTUIT LIMITED
Company Information
- Company Number
- 02679414
- Registered Address
- 5th Floor Cardinal Place, 80 Victoria Street, London, SW1E 5JL
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 21 January 1992
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
INTUIT LIMITED exhibits an average payment time of 41 days, consistently extending beyond standard 30-day terms for many invoices. While 50% of payments occur within 30 days, a significant 32% fall into the 31-60 day bracket, and 18% exceed 60 days. This indicates a trajectory where a substantial portion of payments trend towards longer cycles, impacting supplier cash flow expectations.
Volatility Analysis
The company demonstrates a notable degree of payment unpredictability, with 24% of payments categorized as late. Furthermore, 18% of payments taking over 60 days suggests a non-trivial risk of extended invoice settlement periods. Suppliers cannot reliably forecast timely payments, which introduces moderate financial planning challenges due to this inconsistency.
Summary Analysis
Suppliers considering INTUIT LIMITED should anticipate an average payment cycle of 41 days, with a quarter of invoices likely to be paid late. It is crucial to factor the 24% late payment rate and the 18% of payments exceeding 60 days into cash flow forecasting and credit risk assessment. To mitigate risk, suppliers may consider negotiating specific payment terms, such as partial upfront payments or stricter late payment clauses.
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 Feb 2025 - 31 Jul 2025 | 28 Aug 2025 | 41 | 50% | 32% | 18% | 24% |
| 01 Aug 2024 - 31 Jan 2025 | 23 Apr 2025 | 26 | 58% | 39% | 3% | 29% |
| 01 Feb 2023 - 31 Jul 2023 | 08 Apr 2025 | 27 | 56% | 40% | 4% | 19% |
| 01 Aug 2022 - 31 Jan 2023 | 08 Apr 2025 | 22 | 64% | 35% | 1% | 18% |
| 01 Feb 2022 - 31 Jul 2022 | 08 Apr 2025 | 21 | 69% | 28% | 3% | 11% |
| 01 Aug 2021 - 31 Jan 2022 | 08 Apr 2025 | 27 | 58% | 38% | 4% | 23% |
| 01 Feb 2021 - 31 Jul 2021 | 08 Apr 2025 | 25 | 61% | 35% | 4% | 15% |
| 01 Aug 2020 - 31 Jan 2021 | 08 Apr 2025 | 26 | 57% | 39% | 4% | 21% |
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
Intuit’s standard payment terms are Net 45 days globally, based on receipt of a correct and conforming invoice (unless different payment terms have been specified with the supplier). In accordance with the Fair Payment Code, Intuit updated standard payment terms for all UK based suppliers to Net 30 days and will be expanding this out to non-UK suppliers in Q1FY26. We require all invoices to include a valid purchase order number, include a description of the goods supplied (including quantity and unit prices) and/or services provided, be addressed to the correct Intuit entity, and be sent to the correct Accounts Payable mailbox. All invoices must be compliant with regional sales tax/VAT requirements. Payment is contingent upon delivery by supplier of conforming goods or satisfactory completion of services which shall be at Intuit’s sole discretion.
Were there any changes to the standard payment terms in the reporting period?
Yes, for UK based suppliers we updated standard terms from Net 45 to Net 30 and aligned our small business payment terms to Net 10. We had one major supplier which makes up 31% of our invoices which was on a contract agreed at Net 60. We have updated those payment terms late in this period to Net 30 and going forward all POs agreed with this supplier will remain at Net 30. We expect these changes to significantly bring down our average payment terms during the next filing period.
Any other information about payment terms
Intuit Limited has been in the process of standardizing all payment terms to Net 30. Furthermore, Small Businesses have been transitioned to Net 10 payment terms.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Intuit’s Accounts Payable team works with the supplier to resolve disputes. Unresolved disputes are escalated to the business owner and procurement team to partner with the supplier to ensure fair and efficient resolution.
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.
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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
Company Summary
Intuit Limited operates as a private limited company, a common legal structure for businesses in the United Kingdom
This active company was incorporated on 21 January 1992 and is registered in the UK with company number 02679414
Its registered office is located in London at 5th Floor Cardinal Place, 80 Victoria Street, SW1E 5JL
As a private limited company, it is part of the extensive UK business landscape, with such entities typically engaging in a wide variety of commercial activities
These organisations provide diverse services and products across numerous industries, operating to generate profits for their shareholders
