WORLDPAY UK LIMITED
Company Information
- Company Number
- 07316500
- Registered Address
- The Walbrook Building, 25 Walbrook, London, EC4N 8AF
- Status
- Active
- Employee Count
- 3052.0
- Turnover
- 1130100000.0
- EBITDA
- 593300000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 15 July 2010
- Nature of Business
- 66190 - Activities auxiliary to financial intermediation not elsewhere classified$82990 - Other business support service activities not elsewhere classified
- Industries
- Software
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 30 | 80% | 11% | 9% | 63% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 37 | 72% | 16% | 12% | 55% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 38 | 72% | 18% | 10% | 43% |
| 01 Jan 2022 - 30 Jun 2022 | 31 Jul 2022 | 37 | 63% | 27% | 10% | 44% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 42 | 50% | 36% | 14% | 56% |
| 01 Jan 2021 - 30 Jun 2021 | 31 Jul 2021 | 32 | 73% | 20% | 7% | 51% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 33 | 68% | 23% | 9% | 64% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 29 | 71% | 22% | 7% | 78% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 24 | 81% | 14% | 6% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 24 | 80% | 15% | 5% | 38% |
| 01 Jul 2018 - 31 Dec 2018 | 22 Jan 2019 | 28 | 73% | 20% | 7% | 52% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 58 | 21% | 53% | 26% | 79% |
Company Summary
WORLDPAY (UK) LIMITED is a leading global payment processing company based in the United Kingdom
They provide a wide range of payment solutions and services to businesses of all sizes, from small start-ups to multinational corporations
The company has a strong focus on sustainability and is committed to reducing their environmental impact
They have implemented various initiatives, such as using renewable energy sources, reducing paper usage, and promoting recycling
WORLDPAY also offers eco-friendly payment options, such as electronic invoicing and online payments, to help their clients reduce their own carbon footprint
WORLDPAY's products and services include card payment processing, online payment gateways, mobile payment solutions, and fraud prevention tools
They also offer a range of value-added services, such as currency conversion and data analytics, to help businesses optimize their payment processes
The company is led by Chief Executive Officer Philip Jansen, who has over 25 years of experience in the payment industry
Under his leadership, WORLDPAY has become one of the largest and most trusted payment processing companies in the world
For customer support and inquiries, WORLDPAY (UK) LIMITED can be contacted through their website (www.worldpay.com) or by phone at 0345 761 6263
Their registered office address is The Walbrook Building, 25 Walbrook, London, EC4N 8AF, United Kingdom
With their commitment to sustainability and innovative payment solutions, WORLDPAY is a leader in the global payment processing industry
Company Review
Trend Analysis
The data shows a general trend of improvement for WORLDPAY (UK) LIMITED in terms of the time taken to pay invoices to suppliers. The average time to pay has decreased from 58 days in the first period to 30 days in the last period. The percentage of invoices paid within 30 days has also increased from 21% to 73%, while the percentage of invoices paid later than 60 days has decreased from 26% to 9%. This indicates a positive trend towards early payment and a decrease in delays in payments.
Volatility Analysis
The data shows some volatility in the company's payment practices, with fluctuations in the percentages of invoices paid within 30 days and later than 60 days. However, there is a relatively consistent trend of improvement in these areas. The volatility in the percentage of invoices paid between 31 and 60 days is less significant.
Summary Analysis
Looking at the data for the last three periods, there has been a steady decrease in the average time taken to pay invoices, from 42 days in the first period to 30 days in the last period. The percentage of invoices paid within 30 days has also increased from 50% to 80%, indicating a significant improvement in early payment. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 11% to 14%, in the last period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 Days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/a
Maximum contractual payment period agreed
60
Dispute Resolution Process
N/a
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
