Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
730
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.
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
Takepayments Limited, registered in Stockport, provides payment processing services to UK businesses under the trading name takepayments. Its offering, described on its own site as helping customers 'Accept debit and credit card payments online with takepayments', includes payment gateways for websites, pay by link tools for invoices and emails, a payment app for mobile invoicing, and virtual terminals for taking payments by phone. Customers require a merchant account, through which funds are checked, approved and settled into their business account, with next working day settlement offered. The company states it is now part of the Global Payments family alongside Worldpay, and also offers Worldpay Ecommerce as an alternative route for customers wanting to take payments online.
Generated from the company's website and Companies House records. Sources: bee-online.com · bee-online.com