HUAWEI GLOBAL FINANCE (UK) LIMITED

PaymentCheck Score 2022
88Good
5.2vs last year
#1009 in UK
#476 in London

Company Information

Company Number
09227217
Registered Address
99 Bishopsgate, London, EC2M 3XD
Status
Active
Employee Count
110
Turnover
£29,237,000
EBITDA
£1,771,000

Additional Details

Company Type
Private limited Company
Incorporated On
19 September 2014
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Professional Services
Region
London

Time to Pay

Average Time to Pay
27 days
Shortest Period:1 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
73%
31-60 Days
27%
After 60 Days
0%
Not Paid Within Terms0%

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: 2023-01-30
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 202221 Jul 20222783%11%6%0%
01 Jul 2021 - 31 Dec 202121 Jan 20223174%22%4%1%
01 Jan 2019 - 30 Jun 201919 Jul 20193081%18%1%2%

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

Our Standard Payment Terms are 60 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

Dispute Resolution Process

In the event of an invoice is being disputed, payment will be withheld until the dispute is resolved. The Accounts Payable team shall first attempt to resolve the dispute with the supplier. Supplier may be required to provide missing information or update the invoice. If Accounts Payable team cannot resolve the dispute, the issue is then escalated to an appointed business handler who are then responsible for resolving any issues.

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

HUAWEI GLOBAL FINANCE (UK) LIMITED is a financial services company that operates in the United Kingdom and is a subsidiary of the global technology giant, Huawei Technologies Co. Ltd. The company provides a range of financial services, including loans, leasing, and insurance, to support the sales of Huawei's products and services.

The sustainability program of HUAWEI GLOBAL FINANCE (UK) LIMITED focuses on four main areas: environmental protection, responsible business practices, employee development, and social contribution. The company has implemented various initiatives, such as energy-efficient operations, responsible supply chain management, and employee training programs, to reduce its environmental impact and promote sustainability.

The products and services offered by HUAWEI GLOBAL FINANCE (UK) LIMITED are tailored to meet the financial needs of both individuals and businesses. These include consumer finance options, such as mobile phone financing, as well as corporate finance solutions, such as equipment leasing and trade finance. The company also offers insurance services to protect its clients' investments.

The key people at HUAWEI GLOBAL FINANCE (UK) LIMITED include the Managing Director, Mr. Richard Yu, and the Head of Finance, Ms. Linda Wang. They are supported by a team of experienced professionals who are committed to providing efficient and reliable financial services to their clients.

The registered office address of HUAWEI GLOBAL FINANCE (UK) LIMITED is 300 South Oak Way, Green Park, Reading, Berkshire, RG2 6UF, United Kingdom. The company's website is www.huaweiglobalfinance.co.uk, where interested individuals and businesses can find more information about their products and services.

Financial Metrics

Cash
£9,542,000
Net Worth
£70,887,000
Total Current Assets
£1,111,493,000
Total Current Liabilities
£1,087,561,000

Company Location