| 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 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 61 | 41% | 30% | 29% | 3% |
| 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 2020 - 31 Dec 2020 | 29 Jan 2021 | 15 | 86% | 12% | 2% | 1% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 17 | 83% | 16% | 1% | 1% |
| 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 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 23 | 84% | 16% | 0% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 28 | 82% | 10% | 8% | 4% |
This information is as reported by the business, and responses are in their own words.
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
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.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
World First UK Limited is the UK entity trading as WorldFirst, a foreign exchange and international payments provider founded in London in 2004. It offers businesses a multi-currency account for sending and receiving payments abroad, holding and converting currencies, virtual cards, fixed future FX rates and integration with accounting software, aimed at exporters, e-commerce sellers, marketplace sellers and wholesalers. It is authorised by the FCA and forms part of the wider WorldFirst group, which has been part of Ant International since 2019 and operates globally. The UK entity's role is providing FX and payment services to UK-based business customers trading internationally.
Generated from the company's website and Companies House records. Sources: worldfirst.com · worldfirst.com