CITYFIBRE HOLDINGS LIMITED
Company Information
- Company Number
- 07488363
- Registered Address
- 15 Bedford Street, London, WC2E 9HE
- Status
- Active
- Employee Count
- 1,839
- Turnover
- £5,403,000
- EBITDA
- -£87,521,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 11 January 2011
- Nature of Business
- 61900 - Other telecommunications activities
- Industries
- Coming Soon
- 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 | 19 Aug 2025 | 23 | 70% | 29% | 1% | 46% |
| 01 Jul 2024 - 31 Dec 2024 | 03 Feb 2025 | 23 | 91% | 8% | 1% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 22 | 89% | 8% | 3% | 19% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 23 | 87% | 9% | 4% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 24 | 88% | 8% | 4% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 24 | 88% | 7% | 5% | 17% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 30 | 79% | 13% | 8% | 20% |
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
CityFibre Holdings' standard terms of payment are 30 days from invoice date. CityFibre operates a 3 way purchase to pay process whereby a Purchase Order (PO) is raised to order the work with the supplier and the PO owner internally receipts when the work has been completed. The supplier sends an invoice with the approved PO number clearly stated to the dedicated inbox of accounts.payable@cityfibre.com which allows for account payable team to match the invoice to the PO so it is passed for payment.
Were there any changes to the standard payment terms in the reporting period?
Some suppliers have 14 day DD terms
Any other information about payment terms
CityFibre operates a payment run every Wednesday where all invoices that are due for payment are paid on the following Friday. CityFibre may flex this by a day in the event of a public holiday. CityFibre has expedited payments in the reporting period for certain suppliers in the supply chain either at the suppliers request or in accordance with their credit policies
Maximum contractual payment period agreed
30
Dispute Resolution Process
If CFH reasonably and in good faith disputes its obligation to pay part or all of an invoice submitted by a supplier, then CFH notifies the supplier in writing of the amount of the invoice which it is disputing and the reasons why it considers it is not obliged to pay that amount. Payment disputes are initially handled by the Accounts Payable team, with support from the person who negotiated or ordered the product/service. If a satisfactory outcome cannot be reached, the issue will be escalated within the organisation to the supply chain director and ultimately the legal team if necessary.
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.
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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?
❌
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
CITYFIBRE HOLDINGS LIMITED is a leading UK-based telecommunications company that specializes in providing high-speed fiber optic connectivity to businesses and communities across the country
The company is committed to sustainability and continuously strives to reduce its environmental impact through various initiatives.\n\nThe company's main product is its full-fiber network, which offers ultra-fast internet speeds to businesses, public sector organizations, and homes
This network is built using state-of-the-art technology and is constantly expanding to reach more areas in the UK.\n\nCITYFIBRE also offers a range of services, including dark fiber, which allows businesses to have complete control over their network, and Ethernet services, which provide secure and reliable connections for data transfer
The company also offers dedicated connections for cloud services and internet telephony.\n\nThe key people at CITYFIBRE HOLDINGS LIMITED include CEO Greg Mesch, who has over 25 years of experience in the telecommunications industry, and CFO Terry Hart, who has a background in finance and accounting.\n\nThe company's sustainability program includes initiatives such as reducing carbon emissions, promoting renewable energy sources, and minimizing waste
CITYFIBRE also works closely with local communities to ensure responsible and sustainable construction of its network.\n\nTheir website address is www.cityfibre.com, and their registered office address is 15 Bedford Street, London, WC2E 9HE
Overall, CITYFIBRE HOLDINGS LIMITED is a forward-thinking company that is dedicated to providing high-quality, sustainable telecommunications services to its customers
