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 trend for GLOBALDATA UK LTD from 2019 to 2023 shows a gradual decrease in the average time taken to pay invoices, with a sharp decrease from 2020 to 2021. The percentage of invoices paid within 30 days has consistently increased over the years, while the percentage of invoices paid later than 60 days has consistently decreased. This suggests that the company is becoming more efficient in paying their invoices on time.
The overall volatility for GLOBALDATA UK LTD is relatively low, with minor fluctuations in the percentages of invoices paid within 30 days and between 31 and 60 days. However, there is a significant decrease in the percentage of invoices paid later than 60 days from 2020 to 2021, indicating a major improvement in payment efficiency.
From the data provided, it can be seen that GLOBALDATA UK LTD has made significant improvements in their payment efficiency over the years. The average time taken to pay invoices has decreased from 50 days in 2019 to 35 days in 2023. The percentage of invoices paid within 30 days has consistently increased, reaching a high of 99% in 2021. On the other hand, the percentage of invoices paid later than 60 days has consistently decreased, with a low of 7% in 2021. Additionally, the company has a standard payment period of 30 days, which has remained unchanged throughout the years.
| 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 Jul 2025 - 31 Dec 2025 | 21 Jan 2026 | 31 | 66% | 24% | 10% | 34% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 35 | 66% | 24% | 10% | 33% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jul 2025 | 29 | 78% | 15% | 7% | 21% |
| 01 Jan 2024 - 30 Jun 2024 | 19 Aug 2024 | 32 | 75% | 18% | 8% | 25% |
| 01 Jul 2023 - 31 Dec 2023 | 20 Feb 2024 | 33 | 72% | 18% | 10% | 28% |
| 01 Jan 2023 - 30 Jun 2023 | 05 Sept 2023 | 35 | 70% | 19% | 11% | 30% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 36 | 68% | 22% | 10% | 32% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 38 | 66% | 17% | 17% | 34% |
| 01 Jul 2021 - 31 Dec 2021 | 15 Feb 2022 | 38 | 63% | 20% | 17% | 37% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Sept 2021 | 23 | 99% | 1% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 24 Mar 2021 | 35 | 70% | 23% | 7% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 18 Aug 2020 | 46 | 51% | 29% | 20% | 49% |
| 01 Jun 2019 - 31 Dec 2019 | 14 Feb 2020 | 50 | 50% | 28% | 22% | 50% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
It is the Group’s policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The Company normally settles trade payables on 30 day terms, however variations to these terms do exist based on agreements with certain suppliers.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
na
Maximum contractual payment period agreed
60
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would escalate in the first instance to the relevant Head of Department to seek a resolution.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
GlobalData UK Ltd is registered under a name it previously traded as GlobalData Ltd, and before that as LABD Ltd. Companies House records its business activity as market research and public opinion polling. The company forms part of the wider GlobalData corporate group, whose headquarters address is referenced in its official filings, and functions as a UK entity within that group rather than an independent standalone research firm. No further detail on specific services or clients is available from the evidence supplied, but its registered classification confirms a focus on gathering and analysing market and opinion data for business purposes.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · lei.bloomberg.com