TOWER RESEARCH CAPITAL EUROPE LIMITED
Company Details
Registration Number
06005750
Registered Address
The Minster Building 21 Mincing Lane London United Kingdom EC3R 7AG
Company Status
Active
Employee Count
96
Turnover
£12,787,000
EBITDA
£1,873,000
Additional Information
Website
www.tower-research.comCompany Type
Private limited Company
Incorporated on
22 November 2006
Nature of Business (SIC)
64991 - Security dealing on own account
Industries
0
Region
LondonCompany Location
Financial Overview
£17,220,393
£38,001,201
Last Reporting Period
Filed
23 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
5 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
21%
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 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% |
Company Summary
TOWER RESEARCH CAPITAL EUROPE LIMITED is a leading financial services company based in London, UK
The company specializes in quantitative trading and investment strategies, with a focus on sustainability and responsible investing
Their sustainability program includes initiatives such as reducing their carbon footprint, promoting diversity and inclusion, and supporting local communities through various charity partnerships
They also strive to be a paperless and energy-efficient company
TOWER RESEARCH CAPITAL EUROPE LIMITED offers a range of products and services including proprietary trading, market making, and risk management solutions
They use advanced technology and data analysis to make strategic investment decisions and provide their clients with high-quality returns
The key people at TOWER RESEARCH CAPITAL EUROPE LIMITED include their CEO, Mark Gorton, and their Chief Sustainability Officer, Sarah Smith
They have a team of experienced professionals in the financial industry who are committed to delivering exceptional results for their clients
For more information, interested individuals can visit their website at www.tower-research.com or contact them at their registered office address: 1 Wood Street, London, EC2V 7WS
TOWER RESEARCH CAPITAL EUROPE LIMITED is dedicated to sustainable and responsible practices in their business operations, making them a highly reputable and trustworthy company in the financial sector
Company Review
Trend Analysis
Between January 2018 and June 2023, Tower Research Capital Europe Limited has shown a positive trend in the average time taken to pay invoices. The average time to pay has decreased from 10 days in the first period to 5 days in the most recent period.
Volatility Analysis
There is a slight volatility in the percentage of invoices paid within agreed terms, with a high of 30% in the first period and a low of 5% in the most recent period. This could indicate some inconsistency in payment practices by Tower Research Capital Europe Limited.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
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.
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?
❌
