Industry ranking
| 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 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 51 | 44% | 38% | 17% | 81% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 45 | 76% | 10% | 14% | 73% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 44 | 72% | 11% | 17% | 66% |
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | 45 | 56% | 28% | 16% | 63% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 34 | 72% | 16% | 11% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 35 | 68% | 20% | 12% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 39 | 69% | 18% | 13% | 47% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Jul 2018 | 40 | 70% | 17% | 13% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
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 main point of contact for disputes is the Accounts Payable team. Where disputes arise over payments received by suppliers, the AP team provide the supplier with a list of the invoices paid for reconciliation purposes. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. A PO and invoice are required before payment is made.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
IW Group Services (UK) Limited is registered as providing other business support service activities, and its registered office matches that of the IWG group, whose Regus brand it is linked to. The wider group operates a global network of serviced offices, coworking spaces, meeting rooms and virtual office services, letting flexible workspace to businesses of all sizes across many countries. Within this structure, the company appears to provide business support services to the group rather than trading directly as a workspace operator itself. No further detail on its specific day-to-day functions is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: regus.co.uk