Score of 86.7/100 qualifies for PaymentCheck Certification
UK FINANCE LIMITED demonstrates a strong trend of prompt payments, with an average payment time of 29 days and 82% of invoices settled within 30 days. Their consistent performance, indicated by 0% recorded late payments, shows a reliable trajectory for timely settlement. While a small percentage extends beyond 60 days, the vast majority fall within a very acceptable timeframe.
The payment profile of UK FINANCE LIMITED indicates high reliability and predictability for the majority of transactions. With 82% paid within 30 days and 0% late payments, suppliers can generally expect on-time remittance. While 5% of payments extend beyond 60 days, this represents a minor deviation rather than systemic volatility, indicating a low overall payment risk.
Overall, UK FINANCE LIMITED presents a very low payment risk profile for suppliers, driven by their average 29-day payment cycle and 0% late payment record. Suppliers can confidently expect prompt payment for the vast majority of invoices, making them a highly desirable client. Although a small proportion (5%) might extend beyond 60 days, the overarching consistency and reliability minimize the need for significant risk mitigation strategies beyond standard credit management.
| 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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 29 | 82% | 13% | 5% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 17 Apr 2025 | 29 | 78% | 16% | 6% | 22% |
| 01 Jan 2024 - 30 Jun 2024 | 17 Apr 2025 | 32 | 64% | 27% | 9% | 36% |
| 01 Jul 2023 - 31 Dec 2023 | 17 Apr 2025 | 33 | 65% | 29% | 6% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Apr 2025 | 32 | 72% | 22% | 6% | 28% |
| 01 Jul 2022 - 31 Dec 2022 | 17 Apr 2025 | 38 | 73% | 18% | 9% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 17 Apr 2025 | 38 | 70% | 22% | 8% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Apr 2025 | 40 | 71% | 19% | 10% | 29% |
| 01 Jan 2021 - 30 Jun 2021 | 17 Apr 2025 | 56 | 64% | 21% | 15% | 36% |
| 01 Jul 2020 - 31 Dec 2020 | 17 Apr 2025 | 41 | 66% | 19% | 15% | 34% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Apr 2025 | 42 | 62% | 23% | 15% | 38% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
UK Finance Ltd's standard payment terms are within 30 days of receipt of a correct, undisputed VAT invoice, agreed contract detailing payments due or a payment request agreed in writing by an authorised representative of the business. The criteria for us to make a payment within 30 days is an approved purchase order (PO) and for the PO number to be quoted on the invoice. Any invoice received without this will be paid, but could be later than 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
30
UK Finance Ltd is committed to ensuring all invoices are paid as soon as possible. This means we pay every invoice approved for payment at the time of us generating the payment runs, leading to suppliers sometimes receiving funds up to two weeks early. All disputes are resolved by discussion either by phone or email by our dedicated accounts payable team in a fair and timely manner. If the supplier feels we haven't met the standards mentioned, then this can be raised to the Financial Controller who will then look into the dispute and resolve or escalate to senior management as appropriate.
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
UK FINANCE LIMITED is a private company limited by guarantee without share capital, operating within the UK finance sector. This company structure typically indicates a non-profit organisation or a membership body focused on representing collective interests rather than distributing profits to shareholders.
The company was incorporated on 24 June 2016 and holds an active status, identified by company number 10250295. Its registered office is located in London, England, at 1 Angel Court, EC2R 7HJ.
Organisations of this type, especially in the finance sector, typically provide services such as advocating for their members' interests, developing industry standards, and facilitating collaboration among sector participants. They often focus on education, research, and providing a collective voice for the industry within the UK market.