Industry ranking
Score of 97.28/100 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 9 | 95% | 1% | 4% | 0% |
| 01 Apr 2025 - 30 Sept 2025 | 27 Oct 2025 | 8 | 95% | 2% | 3% | 0% |
| 01 Oct 2024 - 31 Mar 2025 | 15 Apr 2025 | 10 | 92% | 6% | 2% | 5% |
| 01 Apr 2024 - 30 Sept 2024 | 28 Oct 2024 | 8 | 92% | 6% | 1% | 0% |
| 01 Oct 2023 - 31 Mar 2024 | 19 Apr 2024 | 10 | 95% | 2% | 3% | 0% |
| 01 Apr 2023 - 30 Sept 2023 | 17 Oct 2023 | 6 | 96% | 4% | 0% | 0% |
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 14 | 86% | 9% | 5% | 4% |
| 01 Apr 2021 - 31 Mar 2022 | 20 Apr 2022 | 45 | 78% | 13% | 9% | 9% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 63 | 74% | 10% | 16% | 16% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 49 | 69% | 12% | 19% | 19% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 29 | 76% | 9% | 15% | 21% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 25 | 71% | 17% | 12% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payments are processed upon receipt.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No further comment provided
Maximum contractual payment period agreed
30
In case of any dispute, the same is discussed mutually for resolution. Moreover, the suppliers can email their concern to admin@iifc.org.uk
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
India Infrastructure Finance Company (UK) Limited, trading as IIFC (UK), is a wholly owned subsidiary of India Infrastructure Finance Company Limited (IIFCL), itself an enterprise of the Government of India. It provides long term foreign currency loans to eligible Indian companies undertaking infrastructure projects, operating under the Government of India approved SIFTI scheme and typically participating in consortium or syndicated lending for qualifying infrastructure projects, with priority given to PPP projects. It also extends foreign currency loans under the Government of India's New Refinance Scheme to support eligible Indian financial institutions. All lending is classified as External Commercial Borrowing by the Reserve Bank of India and is subject to RBI's ECB guidelines on maturity and permitted end-uses.
Generated from the company's website and Companies House records. Sources: iifc.org.uk · iifc.org.uk