IPREO LIMITED demonstrates a very strong positive trend in payment speed, with an average payment time of only 20 days. A remarkable 96% of invoices are settled within 30 days, indicating a consistent and efficient payment processing trajectory. This consistent performance suggests a highly reliable payment pattern for suppliers.
Payment patterns for IPREO LIMITED exhibit extremely low volatility, offering high predictability for suppliers. With 96% of payments within 30 days and 0% going over 60 days or being officially late, payment delays are rare and minor. This indicates minimal payment risk factors for potential suppliers.
Based on the provided data, IPREO LIMITED presents a highly reliable and low-risk payment partner for suppliers. Key decision factors include their average 20-day payment time and 96% of invoices settled within 30 days. No specific risk mitigation strategies beyond standard business practices appear necessary, given their excellent payment 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 | 14 Mar 2024 | 38 | 60% | 32% | 8% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days - invoice date to payment date with 1,7 and 15 day excepted categories.
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
Payment Terms, including exceptions, per Policy are applied to all qualifying contracts. Where a negotiation is required Ipreo Limited will consider the uniqueness of the value that the vendor provides. The facility for specific exemption to be granted does exist but requires senior finance management approval. All qualifying contracts contains terms for late payment or non-payment including the levying of interest and termination for cause.
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
IPREO LIMITED is an active private limited company, established to operate a business within the United Kingdom market.
Incorporated on 12 November 2001, the company is officially registered under company number 04320902. Its registered office is situated in London at 4th Floor, Ropemaker Place, 25 Ropemaker Street, EC2Y 9LY.
As a private limited company, it provides its shareholders with limited liability and establishes a distinct legal entity for business operations. This structure is commonly adopted by businesses offering a wide range of services or products across the UK market.