Industry ranking
Score of 82/100 qualifies for PaymentCheck Certification
| 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 2021 - 30 Jun 2021 | 30 Jul 2021 | 20 | 74% | 26% | 0% | 28% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 28 | 63% | 18% | 19% | 24% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jan 2020 | 28 | 63% | 35% | 2% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days is the most frequently used payment terms
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
The supplier would initially contact the purchase ledger department. If non-payment is due to a dispute with regards the services or goods the purchase ledger department may refer the supplier to the employee responsible for the order with the aim of resolving the issue. If the dispute is about the purchase ledger department the supplier may request to speak to the Group Financial Controller or the Head of Finance.
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
Moneycorp CFX Limited is part of the Moneycorp group, which provides international payments, foreign exchange and banking solutions for personal, business and financial institution clients. The group offers currency risk management, cross border payment services and an integrated online platform for transactions across time zones, alongside banknote and time critical delivery services. It states it operates with regulatory coverage across the EU, US, Canada and Asia Pacific, combining global reach with local market expertise. This registered entity forms part of that wider corporate group rather than being a separate trading operation in its own right, with its registered office in London.
Generated from the company's website and Companies House records. Sources: moneycorp.com