Score of 85.75/100 qualifies for PaymentCheck Certification
The average time taken for CITADEL ADVISORS EUROPE LIMITED to pay invoices has been decreasing over the past three periods, with a noticeable dip between 2021-01-01 and 2021-06-30. This trend suggests that the company is becoming more efficient in paying its invoices.
There is some volatility in the % Invoices paid within 30 days and % Invoices paid later than 60 days categories, with decreases and increases between periods. However, overall, there is a general trend of improvement in both categories. The % Invoices paid between 31 and 60 days and % Invoices not paid within agreed terms categories have remained relatively stable over the three periods.
Between 2018-07-01 and 2020-06-30, there was a steady decrease in the average time taken for CITADEL ADVISORS EUROPE LIMITED to pay invoices, with a notable improvement between 2021-01-01 and 2021-06-30. The company has also shown consistent improvement in paying invoices within 30 days, with a high of 92% in 2021-01-01 to 2021-06-30. However, there was a slight increase in the % Invoices paid later than 60 days category in 2022-07-01 to 2022-12-31, which was the worst period for this metric.
| 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 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 20 | 84% | 12% | 4% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 18 Jul 2024 | 21 | 77% | 20% | 3% | 23% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 17 | 92% | 7% | 1% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 14 Aug 2023 | 25 | 79% | 16% | 5% | 21% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 25 | 75% | 22% | 3% | 25% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 35 | 77% | 15% | 8% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 10 Mar 2022 | 27 | 78% | 17% | 5% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 20 | 92% | 6% | 2% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 11 Feb 2021 | 17 | 89% | 8% | 3% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Aug 2020 | 18 | 88% | 10% | 2% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Feb 2020 | 19 | 86% | 11% | 3% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Sept 2019 | 22 | 83% | 13% | 4% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 24 May 2019 | 25 | 76% | 17% | 7% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company aims to settle 75% of invoices within 30 days of receipt, and 95% of invoices within 60 days of receipt.
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
In the event of a dispute the company will contact the supplier and work through the issue, escalating as required to solve the dispute in a fair and timely manner.
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
Citadel Advisors Europe Limited is registered in London and classified under fund management activities. It was incorporated in 2017 as Citadel Hedge Fund Services (Europe) Limited, later renamed Citadel Management (Europe) Limited, before adopting its current name in 2021. Companies House records show it operating within the fund management sector, and it forms part of the wider Citadel group's international structure. No parent or subsidiary relationships are listed on its legal entity record. As a UK registered entity, it appears to function as a European operating vehicle supporting group fund management activities rather than an independent trading business with its own separate commercial operations.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · lei.report