PAY.UK LIMITED
Company Information
- Company Number
- 10872449
- Registered Address
- 2 Thomas More Square, London, E1W 1YN
- Status
- Active
- Employee Count
- 344
- Turnover
- £154,469,000
- EBITDA
- £1,011,000
Additional Details
- Website
- https://newpso.uk/
- Company Type
- Private company limited by guarantee without share capital
- Incorporated On
- 18 July 2017
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- Financial Services,Software
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 | 28 Jul 2025 | 28 | 69% | 30% | 1% | 31% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 26 | 72% | 27% | 1% | 28% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 25 | 76% | 22% | 2% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 25 | 80% | 18% | 2% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jul 2023 | 24 | 86% | 12% | 2% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Sept 2022 | 27 | 78% | 19% | 3% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 28 | 70% | 27% | 3% | 30% |
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
The standard contractual length of time to pay invoices is (a) within 30 business days of receipt of the invoice or (b) within 45 business days of receipt of the invoice (the former being more common).
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
None
Maximum contractual payment period agreed
45
Dispute Resolution Process
Supplier complaints should be directed to the business area who owns the relevant contract. Finance should then be notified of the complaint. Finance should investigate the complaint to understand whether there is merit in the complaint and where possible resolve the complaint. If the complaint cannot be resolved, legal should be engaged to provide support.
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
PAY.UK LIMITED is a UK-based organization that operates the UK's central payment systems, including Bacs, Faster Payments, and Cheque and Credit Clearing. It is responsible for processing over 8 billion transactions worth more than £6 trillion every year.
As part of its sustainability program, PAY.UK LIMITED aims to reduce its environmental impact by implementing green initiatives such as energy-efficient technology and reducing paper usage. They also prioritize ethical and responsible business practices, including fair treatment of employees and suppliers.
PAY.UK LIMITED offers a range of products and services to facilitate secure and efficient payments in the UK. These include Direct Debit, Direct Credit, and the Faster Payments Service, which enables near-instant transfers between bank accounts. They also provide a secure platform for the processing of cheques.
The key people at PAY.UK LIMITED include Paul Horlock, the CEO, and Yvonne Dhami, the Chair of the Board. They are supported by a team of experienced professionals with a deep understanding of the payments industry.
For more information on PAY.UK LIMITED and its services, you can visit their website at www.pay.uk. Their registered office address is 2 Thomas More Square, London, E1W 1YN, United Kingdom.
