Industry ranking
Score of 92.75/100 qualifies for PaymentCheck Certification
| 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 | 23 Jan 2026 | 11 | 90% | 6% | 4% | 27% |
| 01 Jan 2025 - 30 Jun 2025 | 25 Jul 2025 | 8 | 91% | 6% | 3% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 8 | 94% | 5% | 1% | 8% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 6 | 94% | 4% | 2% | 6% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 5 | 97% | 2% | 1% | 21% |
| 01 Jan 2023 - 30 Jun 2023 | 18 Jul 2023 | 5 | 97% | 2% | 1% | 22% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 12 | 91% | 9% | 1% | 16% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 15 | 88% | 5% | 9% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jul 2022 | 11 | 91% | 7% | 2% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 8 | 92% | 7% | 1% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 13 | 82% | 16% | 2% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | 14 | 84% | 13% | 3% | 30% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Jan 2020 | 15 | 82% | 16% | 2% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Jul 2019 | 17 | 73% | 24% | 3% | 25% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 16 | 74% | 23% | 3% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 10 | 88% | 11% | 1% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The maximum payment period specified in a qualifying contract during the reporting period is 30 days. There may be exceptions to this where the suppliers expect payment on delivery of the invoice. These would be agreed up front with suppliers
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
During a dispute process the accounts payable ("AP") team would liaise with the related department in the firm that authorised the procurement of the service in the first instance. It is that department that communicates directly with the supplier in question to discuss and resolve the dispute. The majority of qualifying contracts are managed by the corporate services team and that team works closely with the AP to resolve any disputes with supplier invoices. Once the query has been resolved, the AP team will release the relevant payment or the supplier will issue a credit note.
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.
❌
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
Tower Research Capital Europe Limited is a UK-registered entity within the Tower Research Capital group, a quantitative trading firm. Companies House records its nature of business as security dealing on own account. The wider group describes itself as home to quantitative trading and research teams that trade proprietarily across markets and asset classes, supported by a high-performance technology platform covering market access, data, research, compute infrastructure, risk management and compliance. The group's activities span quantitative trading, engineering, liquidity provision and ventures. This UK company forms part of that international group's presence, operating from London as its European entity rather than as a separate independent trading business.
Generated from the company's website and Companies House records. Sources: tower-research.com