THE CURRENCY CLOUD LIMITED exhibits an average payment time of 48 days, consistently paying beyond typical net-30 terms. While 64% of payments are settled within 30 days, a notable 16% extend beyond 60 days, indicating an inconsistent payment speed rather than a stable trajectory.
With 26% of payments classified as late and 16% exceeding 60 days, suppliers face moderate unpredictability regarding cash flow timing. The distribution of payments, with 36% falling beyond 30 days, introduces a clear risk factor for reliable revenue forecasting.
Suppliers should anticipate an average payment cycle of around 48 days and factor in a 26% late payment rate when managing their finances. The potential for 16% of invoices to be delayed beyond 60 days is a critical risk, necessitating robust working capital planning. Mitigation strategies could include negotiating clearer payment terms or ensuring sufficient reserves to absorb potential payment delays.
| 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 Apr 2025 - 30 Sept 2025 | 29 Oct 2025 | 45 | 54% | 32% | 14% | 40% |
| 01 Oct 2024 - 31 Mar 2025 | 28 Apr 2025 | 48 | 64% | 20% | 16% | 26% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 49 | 50% | 25% | 25% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company’s standard contractual payment terms are 45 days from the invoice date. The maximum contractual payment period was: 45 days. The following changes to the standard payment terms were made in the reporting period: None Suppliers have been notified or consulted on these changes by: N/A
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
45
Each party agrees to act in good faith and to use all reasonable endeavours to resolve any disputes arising out of or in relation to this Agreement. Either party may give the other a notice in writing if they feel that the dispute cannot be settled by such negotiations (“Dispute Notice”). Within 14 days of service of a Dispute Notice the parties will be able to refer the dispute to senior management of their respective companies who shall attempt to resolve the dispute. Should good faith negotiations have not been resolved within 21 days, the parties are to undertake mediation in accordance with the LCIA Mediation Procedure (“Mediation Notice”). If the dispute is not settled by mediation or other negotiation within 60 days of service of a Mediation Notice or, if no Mediation Notice has been served, within 30 days of the Dispute Notice or such further period as the parties may agree in writing, the dispute shall be referred to and finally resolved by arbitration under the LCIA Rules.
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
THE CURRENCY CLOUD LIMITED is an active private limited company. Its name indicates its business operations are focused on currency services, typically utilising technological platforms.
The company was incorporated on 25 July 2007, and is registered under company number 06323311. Its registered office is located at 1 Sheldon Square, London, United Kingdom, W2 6TT.
Companies operating in this currency technology sector typically provide solutions for foreign exchange, international payment processing, and multi-currency accounts. They often offer platforms and API integrations designed to facilitate efficient cross-border transactions for businesses.