The average time taken for INTERACTIVE BROKERS (U.K.) LIMITED to pay invoices has been decreasing over the past three periods, from 63.3 days in the second half of 2020 to 52.2 days in the first half of 2021, and then to 55.5 days in the second half of 2021. This suggests that the company has been making efforts to improve their payment process and pay invoices in a timely manner.
The company's volatility in terms of paying invoices has also decreased over the past three periods. In the second half of 2020, 43.1% of invoices were paid later than 60 days, compared to 31.1% in the first half of 2021 and 23.0% in the second half of 2021. This shows that the company has become more consistent in paying invoices within the agreed terms.
The average time taken for INTERACTIVE BROKERS (U.K.) LIMITED to pay invoices has decreased by 8.2 days in the first half of 2021 compared to the second half of 2020. This is a 13% improvement. However, in the second half of 2021, there was a slight increase of 3.3 days, resulting in a 6% decrease compared to the first half of 2021.
| 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 2025 - 31 Dec 2025 | 22 Jan 2026 | 13 | 98% | 2% | 0% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment in full where goods or services have been provided in full, to an agreed number of days, after the date of supply of goods or services. Payment terms vary.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Complaints or concerns should be raised in the first instance with the Accounts Payable team, for which all suppliers have contact details. Resolution of disputes is handled on a case-by-case basis and IB seeks to resolve disputes as quickly as possible. If the Accounts Payable team is unable to resolve such disputes, then they are referred to the respective purchasing and/or legal departments.
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
Interactive Brokers (U.K.) Limited is a leading online brokerage firm that offers a wide range of financial products and services to clients in the United Kingdom. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility.
The company's sustainability program includes initiatives such as paperless trading, energy-efficient offices, and responsible waste management. They also support various charitable organizations and encourage their employees to volunteer in community service activities.
Interactive Brokers offers a variety of products and services such as stocks, options, futures, forex, bonds, and funds. They also provide advanced trading platforms and tools for active traders and investors. The company's low commission rates and advanced technology have made it a popular choice among traders.
The key people at Interactive Brokers (U.K.) Limited are Chairman and CEO Thomas Peterffy and Managing Director Andrew Bowley. They have a team of experienced professionals who are dedicated to providing high-quality services to their clients.
The company's website address is www.interactivebrokers.co.uk, where clients can access their account, trade, and access educational resources. The registered office address is 1 Carey Lane, Fifth Floor, London, EC2V 8AE, United Kingdom.
In summary, Interactive Brokers (U.K.) Limited is a reputable and sustainable online brokerage firm that offers a variety of financial products and services to clients in the United Kingdom. With its commitment to sustainability and advanced technology, it continues to be a top choice for traders and investors.