ICE DATA SERVICES LIMITED

Company Information

Company Number
05300420
Registered Address
Milton Gate, 60 Chiswell Street, London, EC1Y 4SA
Status
Active
Employee Count
29.0
Turnover
52616000.0
EBITDA
23616000.0

Additional Details

Company Type
Private limited Company
Incorporated On
30 November 2004
Nature of Business
63110 - Data processing, hosting and related activities
Industries
0
Region
London

Company Location

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Financial Metrics

Cash
£9,732,000.00
Net Worth
£33,266,000.00
Total Current Assets
£21,895,000.00
Total Current Liabilities
£4,823,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-30

Time to Pay

Average Time to Pay
25 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
81%
31-60 Days
13%
After 60 Days
6%
Not Paid Within Terms19%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202330 Jan 20242581%13%6%19%
01 Jan 2023 - 30 Jun 202324 Jul 20232686%7%7%14%
01 Jul 2022 - 31 Dec 202226 Jan 20232877%14%9%23%
01 Jan 2022 - 30 Jun 202229 Jul 20222972%16%12%28%
01 Jul 2021 - 31 Dec 202128 Jan 20221986%7%7%14%
01 Jan 2021 - 30 Jun 202128 Jul 20211880%17%3%19%
01 Jul 2020 - 31 Dec 202028 Jan 20212185%7%8%15%
01 Jan 2020 - 30 Jun 202030 Jul 20202681%11%8%17%
01 Jul 2019 - 31 Dec 201929 Jan 20202184%8%8%13%
01 Jan 2019 - 30 Jun 201930 Jul 20193372%16%12%22%
01 Jul 2018 - 31 Dec 201830 Jan 20194551%27%22%49%
01 Jan 2018 - 30 Jun 201830 Jul 20184746%35%19%58%

Company Summary

ICE Data Services Limited is a global financial data and analytics company based in London, United Kingdom

They provide a wide range of products and services to assist financial institutions, corporations, and government entities in making informed decisions

Their sustainability program includes a commitment to responsible business practices, including reducing their carbon footprint, promoting diversity and inclusion, and supporting local communities through charitable initiatives

Their products and services include market data, pricing and analytics, index solutions, and risk management tools

They also offer data management and technology solutions to help clients efficiently manage and analyze large amounts of data

Key people at ICE Data Services Limited include David Goone, President of the company, and Lynn Martin, President of Fixed Income and Data Services

They are supported by a team of experienced professionals who are dedicated to providing high-quality data and services to their clients

For more information, interested parties can visit their website at www.theice.com/iceservices or contact their registered office at 1 New York Plaza, New York, NY 10004, United States

Company Review

Trend Analysis

From 2018 to 2023, there has been a consistent decrease in the average time taken for ICE DATA SERVICES LIMITED to pay invoices. This shows a trend towards faster payment to suppliers.

Volatility Analysis

The percentage of invoices paid within 30 days has fluctuated between 46% and 86%, with a slight increase in volatility in recent years. The percentage of invoices paid between 31 and 60 days has also fluctuated, but with a more stable trend overall. The percentage of invoices paid later than 60 days has consistently decreased, showing a trend towards timely payments. The percentage of invoices not paid within agreed terms has also decreased, indicating an improvement in payment practices.

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

Any other information about payment terms

N/A

Maximum contractual payment period agreed

30

Dispute Resolution Process

Dispute resolutions are handled on a case by case basis based on individual facts and circumstances. ICE Data Services Limited seeks to resolve disputes as quickly as possible; we have a dedicated accounts payable team that support suppliers with query resolution. In the event that the accounts payable team is unable to resolve a dispute, they will refer the matter to senior management for resolution.

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