Score of 96/100 qualifies for PaymentCheck Certification
The data for LIMEJUMP LTD shows a consistent improvement in the average time taken to pay invoices. From 2021-07-01 to 2022-12-31, the company has reduced their average time to pay from 12 days to 7 days, representing a 42% decrease. This trend is also reflected in the increase of invoices paid within 30 days and a decrease in invoices paid later than 60 days.
The data for LIMEJUMP LTD also shows a decrease in volatility over the three periods. The percentage of invoices paid within 30 days has remained consistently high at 94%, 95%, and 97%, indicating a stable payment pattern. Additionally, the percentage of invoices paid later than 60 days has decreased from 1% to 2% to 1%, showing a decrease in late payments.
| 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 2022 - 30 Jun 2022 | 25 Jul 2022 | 9 | 95% | 3% | 2% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 12 | 94% | 5% | 1% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Limejump standard terms are 30 days.
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
Specific supplier relationship owner manages disputes along with finance team internally if required.
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
Limejump Ltd is a private limited company registered in England, incorporated in 2012 and currently active. Companies House records list its nature of business as other business support service activities, with associated industry tags covering energy management, energy utilities, data provision and analysis, and application software. The company's registered office is at Shell Centre in London, indicating it operates as part of the wider Shell group structure. Recent filings show group company accounts and share capital increases into the tens of millions of pounds, reflecting its role within a larger corporate group rather than as a standalone trading entity. No further first-party description of specific products or services is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk