Ranked in 6 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 85.03/100 qualifies for PaymentCheck Certification
| 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% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 19 | 86% | 13% | 1% | 27% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
Improbable Worlds Limited trades as Improbable, a venture builder and technology company based in London, originally founded in Cambridge to build large-scale multiplayer virtual world technology. Since 2022 it has moved from a technology and gaming background into building and investing in new ventures across artificial intelligence, Web3 and the metaverse. The company describes itself as combining capital, technical expertise and hands-on venture-building support to help founders create and scale businesses in these frontier technology areas. It states it has launched nine ventures with six exits, spinning out specialist internal teams into independent companies and incubating new ones from its own team.
Generated from the company's website and Companies House records. Sources: improbable.io · improbable.io