WORLD FIRST UK LIMITED
Company Information
- Company Number
- 05022388
- Registered Address
- Millbank Tower, 21-24 Millbank, London, SW1P 4QP
- Status
- Active
- Employee Count
- 90
- Turnover
- £103,578,000
- EBITDA
- £27,112,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 21 January 2004
- 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 | 45 | 47% | 32% | 21% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 54 | 36% | 36% | 28% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 42 | 57% | 24% | 19% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 35 | 69% | 16% | 15% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 37 | 51% | 31% | 18% | 6% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 23 | 81% | 17% | 2% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 24 | 76% | 21% | 3% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 28 | 82% | 10% | 8% | 4% |
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
30 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
30
Dispute Resolution Process
All queries are sent directly to the Accounts Payable team in the Financial Operating Centre (FOC) to discuss with the company and come to a resolution. If any escalations are required, they will go to the Head of Financial Reporting.
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
WORLD FIRST UK LIMITED is a financial services company based in London, United Kingdom. They provide international money transfer services and currency exchange solutions for individuals and businesses.
The company was established in 2004 and has since grown to become one of the leading foreign exchange providers in the UK. They have a strong focus on sustainability and have implemented various initiatives to reduce their environmental impact. These include using renewable energy sources, minimizing paper usage and promoting recycling among their employees.
WORLD FIRST UK LIMITED offers a range of products and services to their customers, including online and phone-based currency exchange, risk management solutions, and international payment services. They also offer competitive exchange rates and low fees, making their services accessible to a wide range of clients.
The key people at WORLD FIRST UK LIMITED include Jonathan Quin, the CEO and co-founder, and Nick Robinson, the co-founder and CFO. They have a team of experienced professionals who are dedicated to providing excellent customer service and helping clients with their currency exchange needs.
For contact information, WORLD FIRST UK LIMITED can be reached via their website www.worldfirst.com or by phone at +44 (0)20 7801 9080. Their registered office address is Millbank Tower, 21-24 Millbank, London SW1P 4QP, United Kingdom.
In summary, WORLD FIRST UK LIMITED is a reputable financial services company that prides itself on sustainability and offers a variety of products and services to help individuals and businesses with their currency exchange needs. With a strong leadership team and a commitment to environmental responsibility, they continue to be a trusted and reliable option for international money transfers.
