TRADEWEB EUROPE LIMITED

PaymentCheck Score 2022
72Fair
5.8vs last year
#2468 in UK
#1013 in London

Company Information

Company Number
03912826
Registered Address
1 Fore Street Avenue, London, England, EC2Y 9DT
Status
Active
Employee Count
305
Turnover
£140,505,000
EBITDA
£35,952,000

Additional Details

Company Type
Private limited Company
Incorporated On
25 January 2000
Nature of Business
66190 - Activities auxiliary to financial intermediation not elsewhere classified
Industries
Financial Services
Region
London

Time to Pay

Average Time to Pay
25 days
Shortest Period:1 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
73%
31-60 Days
22%
After 60 Days
5%
Not Paid Within Terms27%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2023-01-27
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202225 Jul 20222862%35%3%38%
01 Jul 2021 - 31 Dec 202128 Jan 20222382%17%1%85%
01 Jan 2021 - 30 Jun 202128 Jan 20223260%34%6%87%
01 Jul 2020 - 31 Dec 202028 Jan 20223265%28%7%40%
01 Jan 2020 - 30 Jun 202030 Sept 20202875%19%7%35%
01 Jan 2018 - 30 Jun 201830 Jul 20183941%47%12%75%

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

Our standard payment terms for paying invoices are 30 days from invoice date. We perform a monthly payment run primarily during the last week of every month.

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

30

Dispute Resolution Process

To dispute an unpaid invoice please email: Europe.AccountsPayable@tradeweb.com

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.

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.

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.

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

Company Summary

TRADEWEB EUROPE LIMITED is a leading financial technology company that provides electronic trading platforms for fixed income, derivatives, and ETF markets. The company was founded in 1998 and is based in London, United Kingdom.

Sustainability is a key focus for TRADEWEB EUROPE LIMITED, and the company has implemented several initiatives to reduce its environmental impact. This includes using green energy sources, reducing paper usage, and promoting remote working to decrease carbon emissions. The company also has a dedicated sustainability team that works to improve the company's environmental, social, and governance practices.

TRADEWEB EUROPE LIMITED offers a wide range of products and services, including trading platforms for government bonds, corporate bonds, derivatives, and ETFs. These platforms provide efficient and transparent trading solutions for institutional clients, including banks, asset managers, and hedge funds. The company also offers post-trade services, such as trade processing and settlement, to help clients streamline their operations.

The key people at TRADEWEB EUROPE LIMITED include Lee Olesky, the CEO, and Neil McPherson, the Head of Europe. Both have extensive experience in the financial industry and are committed to driving the company's growth and sustainability efforts.

To contact TRADEWEB EUROPE LIMITED, individuals can visit their website at www.tradeweb.com or email them at info@tradeweb.com. The company's registered office address is 10 Finsbury Square, London, EC2A 1AF, United Kingdom.

Financial Metrics

Cash
£55,709,000
Net Worth
£70,858,000
Total Current Assets
£102,046,000
Total Current Liabilities
£48,837,000

Company Location