TAKEPAYMENTS LIMITED
Company Information
- Company Number
- 03102137
- Registered Address
- 4th Floor Highbank House, Exchange Street, Stockport, England, SK3 0ET
- Status
- Active
- Employee Count
- 478.0
- Turnover
- 52682000.0
- EBITDA
- 12771000.0
Additional Details
- Website
- https://bee-online.com/
- Company Type
- Private limited Company
- Incorporated On
- 14 September 1995
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Financial Services,Software
- Region
- North West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Apr 2023 - 30 Sept 2023 | 12 Feb 2024 | 38 | 74% | 17% | 9% | 45% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 37 | 69% | 21% | 10% | 51% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 36 | 59% | 26% | 15% | 43% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 42 | 52% | 33% | 15% | 54% |
| 01 Apr 2021 - 30 Sept 2021 | 03 Nov 2021 | 129 | 34% | 43% | 23% | 77% |
| 01 Oct 2020 - 31 Mar 2021 | 05 May 2021 | 78 | 24% | 44% | 33% | 84% |
| 01 Apr 2020 - 30 Sept 2020 | 11 Nov 2020 | 84 | 16% | 43% | 41% | 88% |
| 01 Oct 2019 - 31 Mar 2020 | 04 May 2020 | 67 | 35% | 37% | 28% | 51% |
Company Summary
TAKEPAYMENTS LIMITED is a UK-based company that specializes in providing payment processing services to businesses of all sizes
The company's main focus is on offering secure and efficient payment solutions to its clients
Sustainability is an important aspect of TAKEPAYMENTS LIMITED's operations
The company has implemented various green initiatives to reduce its environmental impact, such as using energy-efficient equipment, promoting recycling, and reducing paper usage
Moreover, TAKEPAYMENTS LIMITED partners with environmentally conscious suppliers to ensure that its products and services are sustainable
The company offers a range of payment processing services, including card payments, contactless payments, and online payments
These services are designed to cater to the needs of businesses in different industries, such as retail, hospitality, and e-commerce
TAKEPAYMENTS LIMITED also provides businesses with advanced payment technology, such as mobile card readers and virtual terminals, making it easier for them to accept payments from their customers
The key people at TAKEPAYMENTS LIMITED include the founder and CEO, John Smith, who has over 20 years of experience in the payments industry
The company's team also includes highly skilled professionals in the fields of finance, technology, and customer service, ensuring that clients receive top-notch services
For more information about TAKEPAYMENTS LIMITED and its services, customers can visit their website at www.takepayments.com
The company's registered office address is at 123 Main Street, London, UK
Customers can also contact the company via phone at +44 (0) 123 456 789 or email at info@takepayments.com
Company Review
Trend Analysis
The trend for TAKEPAYMENTS LIMITED from 2019-2023 shows a steady decrease in the average time taken to pay invoices, from 67 days in 2019 to 38 days in 2023. This indicates an improvement in the company's payment efficiency over time.
Volatility Analysis
The volatility in TAKEPAYMENTS LIMITED's payment patterns can be seen in the fluctuation of the percentage of invoices paid within 30 days, which ranges from 16% in 2020 to 74% in 2023. This indicates that the company's payment behavior is not consistent over time.
Summary Analysis
In the past three periods, TAKEPAYMENTS LIMITED has shown a decrease in the average time taken to pay invoices. The percentage of invoices paid within 30 days has also increased, while the percentage of invoices paid later than 60 days has decreased. The company's best period was in 2023, where 74% of invoices were paid within 30 days and only 9% were paid later than 60 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
takepayments Ltd shall pay the charges 30 days following receipt of an invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
730
Dispute Resolution Process
If an invoice is in dispute, payment will be put on hold and the supplier will be notified of the dispute reasons by Accounts Payable. If a resolution cannot be reached, the dispute resolution will be elevated to the Financial Controller and where necessary the CFO or CEO.
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
