Score of 81.7/100 qualifies for PaymentCheck Certification
CHECKOUT TECHNOLOGY LTD consistently demonstrates strong payment speed, averaging 24 days per invoice. A significant 76% of payments are settled within 30 days, indicating a generally reliable and predictable trajectory for timely remittance.
Despite the strong average, 24% of payments are classified as late, with 21% settling between 31 and 60 days. A small fraction of 3% extends beyond 60 days, introducing a minor element of unpredictability and risk for a subset of transactions.
Overall, CHECKOUT TECHNOLOGY LTD poses a low-to-moderate payment risk, primarily due to the high proportion of on-time payments. Suppliers should factor in the 24% late payment rate, preparing for potential extensions to 60 days for some invoices. Implementing clear communication and potential staggered payments for larger orders could mitigate the small risk of prolonged delays.
| 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 | 25 Jul 2025 | 24 | 76% | 21% | 3% | 24% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Apr 2025 | 15 | 73% | 24% | 3% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from 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
45
Dispute resolution process agreed contractually on a per supplier basis
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
CHECKOUT TECHNOLOGY LTD is a private limited company operating in the technology sector, specialising in solutions related to checkout processes. As its name suggests, the company focuses on technological advancements within transactional environments.
Incorporated on 2 August 2020, CHECKOUT TECHNOLOGY LTD operates as an active private limited company under company number 12785792. Its registered office is located at Wenlock Works, Shepherdess Walk, London, United Kingdom, N1 7BQ.
Companies specialising in checkout technology in the UK market commonly develop and implement systems for retail and e-commerce transactions. These typically include point-of-sale (POS) software, payment processing solutions, and integrated e-commerce checkout platforms. Such technology organisations also often provide tools for inventory management and customer transaction data processing.