IMPROBABLE WORLDS LIMITED
Company Information
- Company Number
- 08070525
- Registered Address
- 10 Bishops Square, London, United Kingdom, E1 6EG
- Status
- Active
- Employee Count
- 993
- Turnover
- £77,855,000
- EBITDA
- -£76,962,000
Additional Details
- Website
- https://www.improbable.io/
- Company Type
- Private limited Company
- Incorporated On
- 16 May 2012
- Nature of Business
- 62011 - Ready-made interactive leisure and entertainment software development
- Industries
- Creative,Media And Publishing,Information Technology,Telecommunications And Data,Lifestyle And Entertainment,Safety And Security,Software
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 31 Dec 2024 | 29 Jan 2025 | 20 | 86% | 11% | 3% | 33% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 20 | 83% | 15% | 2% | 31% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 24 | 80% | 16% | 4% | 37% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 23 | 82% | 13% | 5% | 34% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 21 | 85% | 14% | 1% | 32% |
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
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
61
Dispute Resolution Process
Every effort is made to ensure that in the event an invoice is disputed, resolution is sought prior to the document being due for payment. Payment queries can be emailed directly to finance@improbable.io If required, issues are escalated to the business contact responsible for managing that supplier. Where there is any written dispute on the amount of an invoice, Improbable will pay any undisputed amount and the Parties will seek to resolve that dispute as quickly as possible. Should this not be possible and payment is impacted, suppliers are kept up to date on the progress of the invoice when queried and once resolved payment actioned on the next applicable payment run.
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
IMPROBABLE WORLDS LIMITED is a UK-based company that specializes in creating immersive, interactive experiences through the use of cutting-edge technology. The company was founded in 2012 and is headquartered in London.
One of the key focuses of IMPROBABLE WORLDS LIMITED is sustainability. The company has a strong commitment to reducing its environmental impact and promoting sustainable practices. They have implemented a number of initiatives such as using renewable energy sources, reducing waste and promoting recycling, and sourcing materials from sustainable suppliers.
The company offers a range of products and services, including virtual reality experiences, simulation software, and game development tools. These products and services are used in a variety of industries, such as gaming, architecture, and urban planning, to create realistic and immersive virtual environments.
Some of the key people at IMPROBABLE WORLDS LIMITED include CEO Herman Narula, CTO Rob Whitehead, and COO Peter Lipka. Together, they bring a wealth of experience and expertise in technology, gaming, and business management to the company.
IMPROBABLE WORLDS LIMITED can be contacted through their website, which is www.improbable.io. Their registered office address is 26 Finsbury Square, London, EC2A 1DS, United Kingdom. The company is dedicated to pushing the boundaries of technology and sustainability, and continues to innovate and expand its offerings in the virtual reality and simulation space.
