Ranked in 2 industries
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| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 30 | 68% | 28% | 4% | 49% |
| 01 Jan 2025 - 30 Jun 2025 | 18 Aug 2025 | 30 | 61% | 35% | 4% | 52% |
| 01 Jul 2024 - 31 Dec 2024 | 15 Jan 2025 | 34 | 67% | 26% | 7% | 47% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 38 | 69% | 20% | 11% | 48% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 35 | 53% | 38% | 9% | 62% |
| 01 Jan 2022 - 01 Jun 2022 | 02 Dec 2022 | 36 | 62% | 25% | 13% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The supplier shall invoice the Company at the invoicing address set out on the purchase order and the Company’s terms of payment shall be 30 days following receipt of a valid invoice quoting the correct purchase order and job numbers for Goods and/or Materials delivered and/or Services performed to the Company’s reasonable satisfaction. The Company may set off against any sums due to the supplier whether under contract or otherwise any lawful set-off, counterclaim to which the Company may at any time be entitled.
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
90
Any disputes in respect of supplier payments are resolved by contacting the Accounts Payable Team via emea-accounts-payable@thoughtmachine.net. The Accounts Payable department will then assist further with query and if applicable this may be escalated to the legal team.
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
Thought Machine Group Limited is the group holding company for Thought Machine, a London-founded technology business that builds core banking and payments infrastructure. Its Vault platform is described as providing cloud-native core banking and integrated payments infrastructure for banks and fintechs, replacing legacy banking systems with a unified, programmable stack. The group's offerings include Vault Core, a real-time core ledger, and Vault Payments, a payment processing platform, serving global and regional banks as well as fintechs and digital banks. The group states it was founded in London in 2014 and has since expanded internationally, with clients including major financial institutions.
Generated from the company's website and Companies House records. Sources: thoughtmachine.net · thoughtmachine.net