FUNDING CIRCLE LTD
Company Information
- Company Number
- 06968588
- Registered Address
- 71 Queen Victoria Street, London, England, EC4V 4AY
- Status
- Active
- Employee Count
- 683
- Turnover
- £122,200,000
- EBITDA
- -£25,100,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 21 July 2009
- Nature of Business
- 64929 - Other credit granting not elsewhere classified
- Industries
- Financial Services,Software
- 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 2025 - 30 Jun 2025 | 23 Jul 2025 | 23 | 88% | 12% | 0% | 12% |
| 01 Jan 2024 - 30 Jun 2024 | 17 Jul 2024 | 21 | 95% | 5% | 0% | 5% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 22 | 88% | 12% | 0% | 12% |
| 01 Jul 2022 - 31 Dec 2022 | 13 Mar 2023 | 21 | 89% | 11% | 0% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 13 Mar 2023 | 25 | 75% | 24% | 1% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 13 Mar 2023 | 23 | 80% | 19% | 1% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 13 Mar 2023 | 22 | 83% | 16% | 1% | 17% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 19 | 86% | 13% | 1% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 22 | 78% | 21% | 1% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 17 | 89% | 11% | 0% | 11% |
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
Standard payment terms is 30 days.
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
60
Dispute Resolution Process
Suppliers are encouraged to contact the Accounts Payable function or their Funding Circle business contact by email or phone in the first instance.
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
Funding Circle Ltd is a leading online marketplace platform that connects small and medium-sized businesses with investors. The company was founded in 2010 and is headquartered in London, UK.
Their primary service is peer-to-peer lending, where businesses can borrow funds directly from investors, cutting out the traditional banking system. This allows for faster and more efficient access to funding for businesses, while providing investors with attractive returns on their investments.
Funding Circle has a strong commitment to sustainability and has implemented several initiatives to reduce their environmental impact. This includes using renewable energy sources, reducing paper usage, and promoting sustainable commuting options for employees.
The company offers a range of products and services, including business loans, asset finance, and property finance. They have helped thousands of businesses across the UK, US, Germany, and the Netherlands to grow and thrive.
The key people at Funding Circle include co-founders Samir Desai, James Meekings, and Andrew Mullinger, who have a wealth of experience in finance and technology. The company also has a dedicated team of professionals who are committed to providing excellent service to their customers.
Their website, www.fundingcircle.com, provides comprehensive information on their services, as well as customer testimonials and success stories. Their registered office address is at 71 Queen Victoria Street, London, EC4V 4AY, UK.
In summary, Funding Circle Ltd is a leading peer-to-peer lending platform that offers innovative and sustainable financing solutions for small and medium-sized businesses. With a strong commitment to sustainability and a dedicated team of professionals, the company continues to support the growth and success of businesses worldwide.
