THE CURRENCY CLOUD SERVICES LIMITED demonstrates a general trend of settling most invoices promptly, with 67% paid within 30 days and a cumulative 93% within 60 days. The average payment time of 36 days suggests a consistent, albeit slightly extended, payment trajectory for a significant portion of their obligations.
Despite the majority of payments being timely, a 16% late payment rate introduces a moderate level of unpredictability for suppliers. The 7% of payments extending beyond 60 days further indicates a measurable risk of delayed cash flow and reduced reliability in strict adherence to shorter payment terms.
Suppliers can anticipate payment within 60 days for the vast majority of transactions, but should account for the 16% late payment risk and the possibility of 7% extending beyond 60 days. It is recommended for suppliers to establish payment terms of 45-60 days or implement clear late payment clauses to mitigate potential cash flow disruptions.
| 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 Apr 2025 - 30 Sept 2025 | 29 Oct 2025 | 43 | 69% | 21% | 10% | 19% |
| 01 Oct 2024 - 31 Mar 2025 | 28 Apr 2025 | 36 | 67% | 26% | 7% | 16% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 47 | 49% | 26% | 25% | 49% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company’s standard contractual payment terms are 45 days from the invoice date. The maximum contractual payment period was: 45 days. The following changes to the standard payment terms were made in the reporting period: None Suppliers have been notified or consulted on these changes by: N/A
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
45
Each party agrees to act in good faith and to use all reasonable endeavours to resolve any disputes arising out of or in relation to this Agreement. Either party may give the other a notice in writing if they feel that the dispute cannot be settled by such negotiations (“Dispute Notice”). Within 14 days of service of a Dispute Notice the parties will be able to refer the dispute to senior management of their respective companies who shall attempt to resolve the dispute. Should good faith negotiations have not been resolved within 21 days, the parties are to undertake mediation in accordance with the LCIA Mediation Procedure (“Mediation Notice”). If the dispute is not settled by mediation or other negotiation within 60 days of service of a Mediation Notice or, if no Mediation Notice has been served, within 30 days of the Dispute Notice or such further period as the parties may agree in writing, the dispute shall be referred to and finally resolved by arbitration under the LCIA Rules.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
THE CURRENCY CLOUD SERVICES LIMITED is an active Private limited Company. It provides specialised services related to currency management and cloud-based financial solutions.
The company was incorporated on 17 March 2011, operating under company number 07568597. Its registered office is situated at 1 Sheldon Square, London, United Kingdom, W2 6TT.
Companies named "Currency Cloud Services" typically specialise in providing financial technology platforms for international payments and foreign exchange. These services often leverage cloud infrastructure to facilitate efficient global money transfers and currency conversions.