Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 98.77/100 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 2021 - 31 Dec 2021 | 31 Jan 2022 | 14 | 96% | 2% | 1% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 14 | 99% | 1% | 0% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 10 | 97% | 2% | 1% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 13 Jul 2020 | 10 | 95% | 3% | 2% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 8 | 97% | 2% | 1% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 8 | 91% | 7% | 2% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 22 Jan 2019 | 8 | 98% | 1% | 1% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 12 Jul 2018 | 8 | 97% | 1% | 2% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Currently Firm policy is to pay most suppliers within 2 weeks of invoice received. Minor payment delays may occur if the invoice is received shortly after the payment run. Disputed amounts may also result in processing delays.
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
We have an Accounts Payable email account for invoice submissions, statements and / or correspondence. Statements are checked and correspondence answered by Account Payable department. Suppliers are made aware of issues on invoices and can be directed to head of relevant department if invoices have yet to be authorized or to resolve disputes.
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
Monex Europe Limited is a UK-registered company providing foreign exchange services, classified under financial intermediation activities. It was originally incorporated in 2006 as Schneider Foreign Exchange Limited before changing its name to Monex Europe Limited in 2012. The company remains active, with its registered office in London. Companies House records list its nature of business as financial intermediation not elsewhere classified, and industry tags associate it with currency exchange and application software. No further operational detail, such as specific client base or additional services, is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk