AMERICAN EXPRESS GROUP SERVICES LIMITED
Company Information
- Company Number
- 06613927
- Registered Address
- Belgrave House, 76 Buckingham Palace Road, London, SW1W 9AX
- Status
- Active
- Employee Count
- 294
- Turnover
- £75,807,000
- EBITDA
- £20,873,000
Additional Details
- Website
- https://americanexpress.com
- Company Type
- Private limited Company
- Incorporated On
- 6 June 2008
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 8 | 89% | 8% | 3% | 3% |
| 01 Jul 2023 - 31 Dec 2023 | 12 Jan 2024 | 8 | 90% | 9% | 1% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 04 Aug 2023 | 5 | 94% | 5% | 1% | 1% |
| 01 Jun 2022 - 31 Dec 2022 | 10 Jan 2023 | 5 | 97% | 3% | 1% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 6 | 94% | 6% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 13 Jan 2022 | 4 | 95% | 3% | 2% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 4 | 95% | 3% | 2% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 3 | 97% | 3% | 1% | 1% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
American Express’ standard contract length is 3 years with standard payment days of 60 after receipt of a correct, undisputed, timely provided and properly due VAT invoice. In many instances we raise purchase orders with suppliers and again the standard payment days is 60.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
For suppliers where we sign contracts (not purchase orders) Amex has a range of payment tool options that can allow suppliers to be paid faster than the standard 60 days.
Maximum contractual payment period agreed
60
Dispute Resolution Process
The process for resolving potential disputes is explicitly set out in all contracts that American Express enters into with its Suppliers. If there are any disputes / issues around payments or invoices, the first action is for Supplier to get in touch with their contact in American Express. In the event an issue cannot be resolved, then the American Express Procurement team will review the matter and work with the Supplier to identify a solution. In addition, Suppliers are able to contact the Vendor Payables team in order to check the status of their invoice(s) in the payments cycle.
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?
No information available
Company Summary
American Express Group Services Limited is a financial services company based in the United States, with a registered office address at Belgrave House, 76 Buckingham Palace Road, London, SW1W 9AX. The company offers a variety of products and services, including credit cards, travel services, and insurance.
One of the key focuses of American Express Group Services Limited is sustainability. The company has implemented various initiatives to reduce its environmental impact, such as using renewable energy sources and promoting responsible resource management. They also have a sustainability program in place to engage employees and encourage them to make sustainable choices in their daily work.
In addition to their sustainability efforts, American Express Group Services Limited offers a range of products and services to meet the needs of their customers. This includes credit cards with various rewards and benefits, as well as travel services such as booking flights and accommodations. They also provide insurance products to protect against unexpected events.
The key people at American Express Group Services Limited include the Chairman and CEO, Stephen Squeri, and the President, Douglas E. Buckminster. They are supported by a team of experienced and dedicated professionals who strive to provide excellent service to customers.
For more information on their products and services, as well as their sustainability program, individuals can visit their website at www.americanexpress.com/uk. The website also provides contact information for customer service and support. Overall, American Express Group Services Limited is committed to providing high-quality financial services while also prioritizing sustainability and responsible business practices.
