WORLDREMIT SERVICE COMPANY LIMITED
Company Information
- Company Number
- 11190347
- Registered Address
- 51 Eastcheap, London, England, EC3M 1DT
- Status
- Active
- Employee Count
- 874
- Turnover
- £79,500,000
- EBITDA
- £6,300,000
Additional Details
- Website
- https://worldremit.com
- Company Type
- Private limited Company
- Incorporated On
- 6 February 2018
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 | 07 Aug 2025 | 37 | 49% | 37% | 14% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 38 | 53% | 31% | 16% | 25% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 34 | 71% | 20% | 9% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 32 | 68% | 24% | 8% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Feb 2022 | 43 | 60% | 28% | 12% | 25% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Jul 2022 | 32 | 68% | 24% | 8% | 23% |
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
Charges are paid within thirty (30) days of the valid invoice date. At the same time almost half of the suppliers are having shorter payment terms (e.g. 7- or 14-days post invoice date).
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
60
Dispute Resolution Process
In case of any disputes with suppliers, suppliers are informed directly by the receiving party or the Accounts Payable Team and asked for further clarifications. Dispute might end in obtaining a credit note from a vendor or paying the initial value of the obligation in full by WorldRemit.
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
WORLDREMIT SERVICE COMPANY LIMITED is a global financial technology company that provides digital money transfer services
Founded in 2010, the company offers a fast, secure and affordable way to send money to over 150 countries worldwide.\n\nThe company's sustainability program focuses on ethical business practices, social responsibility, and environmental sustainability
They are committed to reducing their carbon footprint and promoting sustainable practices within their operations.\n\nWORLDREMIT's main product is their online money transfer service, which allows customers to send money to friends and family abroad using their website or mobile app
The company also offers cash pick-up, bank deposit, and mobile money transfer options for their customers.\n\nThe key people at WORLDREMIT include CEO Breon Corcoran and Co-founders Ismail Ahmed and Catherine Wines
With their expertise and innovative approach, they have led the company to become one of the leading digital money transfer services in the world.\n\nFor customers who need support, WORLDREMIT provides a comprehensive FAQ section on their website and a customer service team that is available 24/7 via phone, email, and live chat.\n\nThe registered office address for WORLDREMIT SERVICE COMPANY LIMITED is 62 Buckingham Gate, London, SW1E 6AJ, United Kingdom
Their website address is www.worldremit.com.\n\nIn summary, WORLDREMIT SERVICE COMPANY LIMITED is a reputable and sustainable financial technology company that offers fast and secure digital money transfer services to over 150 countries
With their commitment to sustainability, innovative products, and excellent customer service, they continue to make a positive impact in the world of international money transfers
