Score of 93.2/100 qualifies for PaymentCheck Certification
DIGITAL MONEYBOX LIMITED demonstrates a strong overall payment speed, with an average settlement time of just 8 days and 97% of invoices paid within 30 days. However, the 28% late payment rate presents a notable inconsistency, suggesting that while most payments resolve quickly, a significant minority of invoices are not being honoured on their originally agreed terms. This divergence between average speed and late payment frequency points to irregular payment behaviour rather than a consistently reliable pattern.
The concentration of payments in the 0–30 day band (97%) indicates low exposure to prolonged payment delays, with no recorded instances of invoices exceeding 60 days, which limits worst-case risk. Despite this, the 28% late payment rate introduces meaningful unpredictability, meaning that nearly one in three invoices may require follow-up or chasing before settlement. Suppliers should anticipate occasional cash flow disruption despite the relatively short average resolution time.
DIGITAL MONEYBOX LIMITED represents a moderate-risk trading partner — payment delays are typically short-lived, but the elevated late payment rate of 28% warrants proactive credit management. Suppliers are advised to implement clear payment terms, automated invoice reminders, and defined escalation procedures to mitigate the risk of late settlement. The absence of long-term debt (0% over 60 days) suggests that disputes or defaults are unlikely, making this a manageable relationship with appropriate controls in place.
| 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 Jun 2025 - 31 Dec 2025 | 28 Jan 2026 | 8 | 97% | 3% | 0% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Digital Moneybox agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abides by those terms based on the timely submission of valid invoices. In the absence of agreed terms with a supplier, the Group’s policy is to pay within 30 days of receipt of a valid invoice. The most frequently agreed term with suppliers is 30 days from receipt of a valid invoice.
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
30
Digital Moneybox ("DMB") and the supplier will first attempt to resolve any dispute by referring it for formal discussion between DMB's authorised representative and the supplier (both acting reasonably and in good faith). If DMB's authorised representative and the supplier are for any reason unable to resolve the dispute within 30 days of the date of its referral to them, the dispute may be referred to court by either DMB's or the supplier.
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
Digital Moneybox Limited is a private limited company incorporated in May 2015 and registered in London. Companies House records its nature of business under two SIC codes: business and domestic software development, and financial intermediation not elsewhere classified, indicating an activity combining software development with financial services. Filing history shows it files group company accounts and has undergone repeated share allotments, cancellations and share buybacks, suggesting it forms part of a wider corporate group with external investment activity. The available evidence does not describe specific products, customers or services offered, so further detail on its actual trading activity cannot be confirmed from the supplied sources.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk