Industry ranking
The average time taken for WORLDPAY AP LTD. to pay invoices has been decreasing over the past three periods, from 83 days in the first period to 28 days in the most recent period. This indicates an improvement in the company's efficiency in paying invoices.
The percentage of invoices paid within 30 days has fluctuated the most, with a decrease of 67% in the second period followed by an increase of 1% in the third period. This indicates that the company's promptness in paying invoices has varied over the past three periods.
| 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 | 31 Jul 2021 | 28 | 74% | 19% | 6% | 90% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 23 | 81% | 10% | 10% | 100% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 20 | 79% | 18% | 3% | 82% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 25 | 73% | 12% | 15% | 37% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 10 | 97% | 3% | 0% | 57% |
| 01 Jul 2018 - 31 Dec 2018 | 22 Jan 2019 | 17 | 77% | 23% | 0% | 74% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 83 | 10% | 50% | 40% | 94% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Suppliers shall be paid within thirty (30) days of receipt of a valid invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
N/A
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
Worldpay AP Ltd. is a UK-registered private limited company, formerly known as Envoy Services Limited until September 2012. Its registered nature of business is classified under financial intermediation and activities auxiliary to financial intermediation, specifically "other financial service activities, except insurance and pension funding" and "other activities auxiliary to financial services". Company Secretary duties are held by Worldpay Governance Limited, indicating the entity forms part of the Worldpay corporate group, which operates in payment processing. Companies House records show the company remains active, based at an office in the City of London, with several current and former directors. No further detail on specific trading operations, products or client base is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · northdata.com