Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for ZOPA LIMITED to pay invoices has increased from 23 days in the first period to 28 days in the most recent period. This suggests that the company is taking longer to pay invoices to suppliers.
The percentage of invoices paid within 30 days has fluctuated between 70-78% over the three periods, with the lowest being in the most recent period. This suggests that the company's ability to pay invoices within 30 days is inconsistent.
Overall, ZOPA LIMITED has shown a trend of taking longer to pay invoices to suppliers, with the average time increasing by 5 days over the three periods. The company's ability to pay invoices within 30 days has also decreased from 78% to 70%, indicating a potential strain on cash flow.
| 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 2020 - 30 Jun 2020 | 30 Jul 2020 | 28 | 70% | 22% | 8% | 42% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 24 | 71% | 25% | 4% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 23 | 78% | 19% | 3% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms is 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
60
Suppliers are encouraged to contact Zopa's Accounts Payable team by email or phone in the first instance
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
Zopa Limited is a UK-registered private limited company, incorporated in August 2004 and remaining active. Companies House classifies its business activity under SIC code 64929, other credit granting not elsewhere classified, with associated industry tags covering loans, debt and grants alongside application software. The available evidence does not describe specific products, customer types or trading history beyond this classification, and does not clarify whether the company operates independently or as part of a wider corporate group. Based on the recorded nature of business, the entity is involved in providing or facilitating credit rather than manufacturing, retailing or holding physical goods. No further operational detail, such as services offered or markets served, is confirmed by the supplied evidence.
Generated from the company's website and Companies House records. Sources: addressadda.com