TWITTER UK LTD

PaymentCheck Score 2022
74Fair
2.0vs last year
#2298 in UK
#40 in Software
#953 in London

Company Information

Company Number
07653064
Registered Address
Twitter Uk Ltd, 1st Floor, 20 Air Street, London, W1B 5AN
Status
Active
Employee Count
363
Turnover
£196,719,000
EBITDA
£6,897,000

Additional Details

Company Type
Private limited Company
Incorporated On
1 June 2011
Nature of Business
62090 - Other information technology service activities
Industries
Software
Region
London

Time to Pay

Average Time to Pay
33 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
68%
31-60 Days
23%
After 60 Days
9%
Not Paid Within Terms26%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-07-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202228 Jul 20223368%23%9%26%
01 Jul 2021 - 31 Dec 202117 Jan 20223167%26%7%19%
01 Jan 2020 - 30 Jun 202016 Sept 20204349%39%12%30%
01 Jul 2019 - 31 Dec 201916 Sept 20204851%35%14%32%
01 Jan 2019 - 30 Jun 201916 Sept 20204850%37%13%41%
01 Jul 2018 - 31 Dec 201816 Sept 20204548%39%14%32%
01 Jan 2018 - 30 Jun 201811 Sept 20204551%39%10%30%

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

Twitter’s Default Pay terms are NET 60 from date of invoice unless otherwise noted in the signed Master Contract. For more information, and to view the Twitter Supplier Purchase Order Terms and Conditions in full, please visit https://legal.twitter.com/suppliers.html

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 submit invoices to apinvoices.uk@twitter.com. Suppliers may also submit invoices via the online ’Supplier Connect’ portal (subject to invite). Suppliers may request assistance using apinquiry.uk@twitter.com . If the company intends to dispute any portion of an invoice, it will provide a written description of the disputed portion.

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

Twitter UK Ltd is a social media company based in the United Kingdom. Their main platform, Twitter, allows users to share short messages, photos, and videos with a global audience. The company was founded in 2006 and has since become one of the most popular social media platforms in the world.

As part of their sustainability program, Twitter UK Ltd is committed to reducing their environmental impact. They have implemented measures such as using renewable energy sources, reducing waste, and promoting eco-friendly practices among their employees.

Twitter UK Ltd offers a wide range of products and services to its users. These include the ability to tweet, retweet, and like content, as well as the option to create and join conversations through hashtags and mentions. They also offer advertising services for businesses to reach their target audience on the platform.

The key people at Twitter UK Ltd include their CEO, Jack Dorsey, and their Managing Director, Dara Nasr. Both have a strong background in technology and have played crucial roles in the growth and success of the company.

For any inquiries or assistance, Twitter UK Ltd can be contacted through their website at www.twitter.com/uk or through their registered office address at 20 Air Street, London, W1B 5AN. Their website also provides information on their sustainability efforts and updates on their products and services. Overall, Twitter UK Ltd continues to be a leader in the social media industry, providing a platform for individuals and businesses to connect and share their voices with the world.

Financial Metrics

Cash
£0
Net Worth
£57,167,000
Total Current Assets
£91,903,000
Total Current Liabilities
£43,435,000

Company Location