FIS PAYMENTS UK LIMITED
Company Information
- Company Number
- 04215488
- Registered Address
- 1st Floor Tricorn House 51-53 Hagley Road, Edgbaston, Birmingham, West Midlands, B16 8TU
- Status
- Active
- Employee Count
- 351.0
- Turnover
- 70719000.0
- EBITDA
- -7456000.0
Additional Details
- Website
- https://www.transaxpay.com/
- Company Type
- Private limited Company
- Incorporated On
- 11 May 2001
- Nature of Business
- 63110 - Data processing, hosting and related activities
- Industries
- Financial Services,Software
- Region
- West Midlands
Company Location
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 29 | 79% | 13% | 8% | 48% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 30 | 76% | 14% | 10% | 60% |
| 01 Jan 2022 - 30 Jun 2022 | 31 Jul 2022 | 35 | 64% | 26% | 10% | 62% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 33 | 57% | 24% | 18% | 70% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 32 | 75% | 16% | 9% | 68% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 29 | 75% | 21% | 5% | 74% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 19 | 84% | 14% | 2% | 72% |
Company Summary
FIS PAYMENTS (UK) LIMITED is a financial technology company based in the United Kingdom
The company offers a wide range of solutions and services to the global payments industry, including banks, financial institutions, and merchants
The sustainability program of FIS PAYMENTS (UK) LIMITED is focused on reducing its environmental impact and promoting social responsibility
The company has implemented energy-efficient practices in its offices and encourages its employees to use sustainable modes of transportation
FIS also partners with organizations that promote environmental sustainability and supports local communities through various initiatives
FIS PAYMENTS (UK) LIMITED offers a variety of products and services to its clients, including payment processing, digital banking, fraud detection, and risk management
The company's solutions are designed to help businesses streamline their payment operations, improve efficiency, and provide a secure and seamless experience for their customers
Some key people in FIS PAYMENTS (UK) LIMITED include the CEO, Gary Norcross, and the Managing Director, Julian Sawyer
Both have extensive experience in the financial technology industry and have been instrumental in driving the company's growth and success
The company's website address is https://www.fisglobal.com/, where interested parties can find more information about their products and services
FIS PAYMENTS (UK) LIMITED's registered office address is at 25 Canada Square, Canary Wharf, London, E14 5LQ, United Kingdom
Company Review
Trend Analysis
The average time taken for FIS PAYMENTS (UK) LIMITED to pay invoices has been increasing over the past three periods. In 2020, the average time was 19 days, which increased to 29 days in 2020-2021 and further increased to 32 days in 2021-2022. However, there was a slight decrease to 33 days in 2021-2022 before increasing again to 35 days in 2022-2023.
Volatility Analysis
The percentage of invoices paid within 30 days has been fluctuating over the past three periods. It was 84% in 2020 and decreased to 75% in 2020-2021 before increasing to 79% in 2023. The percentage of invoices paid between 31 and 60 days has also been fluctuating, with a low of 13% in 2023-2024 and a high of 26% in 2022-2023. The percentage of invoices paid later than 60 days has been consistently high, with a peak of 18% in 2023-2024. The percentage of invoices not paid within agreed terms has been relatively stable, ranging from 48% to 74% over the three periods.
Summary Analysis
From 2020 to 2022, there was a steady increase in the average time taken for FIS PAYMENTS (UK) LIMITED to pay invoices, with a slight decrease in 2023. The percentage of invoices paid within 30 days has fluctuated, with a slight decrease in 2020-2021 and a slight increase in 2023-2024. The percentage of invoices paid between 31 and 60 days has also fluctuated, with a high of 26% in 2022-2023. The percentage of invoices paid later than 60 days has consistently been high, with a peak of 18% in 2023-2024. The percentage of invoices not paid within agreed terms has been relatively stable. It is worth noting that in all periods, FIS PAYMENTS (UK) LIMITED had a 0% standard payment period, indicating that they do not have a set payment period for all invoices.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 Days
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
60
Dispute Resolution Process
N/a
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