PRA GROUP (UK) LIMITED
Company Information
- Company Number
- 04267803
- Registered Address
- Level 11 Riverside House, 2a Southwark Bridge Road, London, England, SE1 9HA
- Status
- Active
- Employee Count
- 331
- Turnover
- £135,165,000
- EBITDA
- £82,110,000
Additional Details
- Website
- https://aktivkapital.se/
- Company Type
- Private limited Company
- Incorporated On
- 9 August 2001
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 14 | 94% | 4% | 2% | 7% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 18 | 90% | 9% | 1% | 11% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 11 | 93% | 6% | 1% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 10 | 96% | 3% | 1% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 18 | 87% | 12% | 1% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 16 | 91% | 9% | 0% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 15 | 94% | 6% | 0% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 15 | 94% | 6% | 0% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 15 | 93% | 6% | 1% | 8% |
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
PRA Group (UK) Limited has, what the company believes to be, fair and reasonable payment practices and a standard payment term of 30 days. Some of the contracts that PRA Group (UK) Limited has with it’s suppliers include payment terms, but these vary from contract to contract. PRA Group (UK) Limited allow, under certain circumstances, some of the commission invoices that are received to be offset against revenue payments, e.g. where this is received within an agreed amount of days.
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
60
Dispute Resolution Process
PRA Group (UK) Limited’s process of dealing with potential queries begins by contacting our representative who originally approved the goods or services to be provided. Some of the contracts that PRA Group (UK) Limited has with their suppliers have instructions relating to the dispute resolution process, but these vary from contract to contract. In addition, our Accounts Payable Department can assist by email or telephone, the contact details of which follow below: Email – UK-Accounts_Payable@pragroup.co.uk, Should your query still not be resolved, it will be referred to our Finance Director for further consideration.
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
PRA Group (UK) Limited is a financial services company that specializes in debt purchasing and collection. The company is headquartered in Kings Hill, West Malling, and was established in 1996. PRA Group (UK) Limited is a subsidiary of PRA Group, a leading global financial services organization.
The company's main activity is purchasing and managing portfolios of non-performing loans, offering solutions to individuals and businesses struggling with debt. They also provide debt collection services, working with creditors to recover outstanding debts.
PRA Group (UK) Limited is committed to sustainability and has implemented various initiatives to reduce their environmental impact. These include promoting paperless communication with customers, using energy-efficient technologies, and recycling programs.
Their portfolio of products and services includes debt purchasing, debt collection, and credit management solutions. They work with a wide range of creditors, including banks, credit card companies, utilities, and telecommunications providers.
The key people at PRA Group (UK) Limited include Kevin Stevenson, the Managing Director, and Mike Smith, the Chief Operating Officer. Both have extensive experience in the financial services industry and are committed to driving the company's growth and success.
For more information on PRA Group (UK) Limited and their services, customers can visit their website at www.pragroup.co.uk. The company's registered office address is at Wells House, 15-17 Elmfield Road, Bromley, Kent BR1 1LT, United Kingdom.
