WEWORK INTERNATIONAL LIMITED

PaymentCheck Score 2025
68Fair
5.8vs last year
#2609 in UK
#1055 in London

Company Information

Company Number
09280068
Registered Address
10 York Road, London, United Kingdom, SE1 7ND
Status
Active
Employee Count
321
Turnover
£73,000,000
EBITDA
-£121,000,000

Additional Details

Company Type
Private limited Company
Incorporated On
24 October 2014
Nature of Business
68209 - Other letting and operating of own or leased real estate
Industries
Property
Region
London

Time to Pay

Average Time to Pay
41 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
61%
31-60 Days
25%
After 60 Days
14%
Not Paid Within Terms53%

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: 2025-01-21
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202529 Jul 20254469%21%10%36%
01 Jul 2024 - 31 Dec 202421 Jan 20254161%25%14%53%
01 Jul 2023 - 31 Dec 202330 Jan 20244066%23%11%55%
01 Jan 2021 - 30 Jun 202109 Jul 20212765%34%1%49%

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

60

Dispute Resolution Process

Dispute resolutions: Any queries from suppliers are to be sent to europepayments@wework.com or our registered address WeWork International Limited, 10 York Road SE1 7ND and are escalated to our Accounts Payable team for investigation and resolution in conjunction with relevant stakeholders within the business.

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

WEWORK INTERNATIONAL LIMITED is a globally recognized company that provides shared workspaces and community services for entrepreneurs, freelancers, and small businesses. Founded in 2010 by Adam Neumann and Miguel McKelvey, it has become one of the leading providers of flexible office spaces.

The company offers a variety of products and services, including hot desks, private offices, meeting rooms, and virtual office solutions. They also provide amenities such as high-speed internet, printing and scanning services, and access to a global network of professionals. WEWORK INTERNATIONAL LIMITED aims to create a collaborative and inclusive community for its members, fostering innovation and productivity.

In addition to their core business, WEWORK INTERNATIONAL LIMITED has a strong commitment to sustainability. They strive to make their offices environmentally friendly by using sustainable materials, energy-efficient technology, and promoting recycling and waste reduction. They also encourage their members to adopt sustainable practices in their businesses.

The key people in WEWORK INTERNATIONAL LIMITED include co-founders Adam Neumann and Miguel McKelvey, who serve as the CEO and Chief Culture Officer, respectively. They are joined by a team of experienced professionals who are dedicated to creating a positive and inspiring work environment for their members.

For those interested in joining the WEWORK community, they can visit their website at www.wework.com to learn more about their products and services. The company's registered office address is at 199 Water Street, 40th Floor, New York, NY 10038, USA. With its global presence in over 800 locations across 38 countries, WEWORK INTERNATIONAL LIMITED continues to grow and provide innovative solutions for the modern workforce.

Financial Metrics

Cash
£40,386,747
Net Worth
-£377,461,487
Total Current Assets
£304,712,727
Total Current Liabilities
£329,732,619

Company Location