WORLDREMIT LTD.
Company Information
- Company Number
- 07110878
- Registered Address
- 51 Eastcheap, London, England, EC3M 1DT
- Status
- Active
- Employee Count
- 118
- Turnover
- £201,700,000
- EBITDA
- £300,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 December 2009
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Financial Services,Software
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 | 07 Aug 2025 | 28 | 65% | 28% | 7% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 47 | 48% | 28% | 23% | 29% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 46 | 60% | 22% | 18% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 48 | 57% | 24% | 19% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Feb 2022 | 64 | 53% | 26% | 21% | 23% |
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
Charges are paid within thirty (30) days of the valid invoice date. At the same time almost half of the suppliers are having shorter payment terms (e.g. 7- or 14-days post invoice date).
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
In case of any disputes with suppliers, suppliers are informed directly by the receiving party or the Accounts Payable Team and asked for further clarifications. Dispute might end in obtaining a credit note from a vendor or paying the initial value of the obligation in full by WorldRemit.
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.
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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?
❌
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
WorldRemit Ltd
is a global money transfer company that offers fast, secure, and affordable ways to send money to over 150 countries
The company was founded in 2010 and is headquartered in London, United Kingdom.\n\nSustainability is a key focus for WorldRemit, and the company has implemented various initiatives to reduce its environmental impact
This includes using renewable energy sources, implementing energy-efficient practices, and reducing waste in its operations.\n\nWorldRemit offers a range of products and services to its customers, including bank transfers, cash pickups, and mobile money transfers
The company also offers a mobile app for convenient and easy money transfers.\n\nSome of the key people at WorldRemit include Ismail Ahmed, the founder and CEO, and Catherine Wines, the co-founder and executive director
They have a team of experts and professionals who are committed to providing excellent service to their customers.\n\nThe company's website address is www.worldremit.com, where customers can easily create an account, track their transfers, and access customer support
WorldRemit's registered office address is 62 Buckingham Gate, London, SW1E 6AJ, United Kingdom.\n\nIn summary, WorldRemit Ltd
is a leading money transfer company that prioritizes sustainability, offers a range of convenient products and services, and has a team of dedicated individuals committed to providing exceptional service to their customers
