Score of 88.2/100 qualifies for PaymentCheck Certification
Citadel Securities Europe Services Limited demonstrates a strong central payment tendency, with 84% of invoices settled within 30 days and an average payment time of just 20 days, indicating generally prompt payment behaviour. However, the 14% of payments falling in the 31-60 day bracket and 2% exceeding 60 days suggest a minority of invoices experience notable delays beyond standard terms. Overall, the payment profile points to a predominantly reliable payer with a consistent fast-payment core, though a recurring tail of slower settlements warrants attention.
With 16% of payments classified as late, there is a moderate but non-trivial level of payment unpredictability that suppliers should factor into cash flow planning. The spread across the 31-60 day and over-60-day bands indicates that when delays occur, they can range from minor to significant, introducing some variability in settlement timing. While the majority of transactions are predictable and timely, the late payment rate is sufficient to create occasional liquidity pressure for suppliers operating on tight margins.
Citadel Securities Europe Services Limited represents a generally low-risk payment counterparty, with a 20-day average and 84% on-time rate making it a favourable client for most suppliers. The 16% late payment rate, while manageable, suggests suppliers should build modest payment buffer assumptions into their cash flow forecasts and consider including clear late payment terms in contracts. Proactive invoice tracking and early follow-up on accounts approaching 25-30 days outstanding would be a prudent risk mitigation measure to minimise exposure to the slower-paying segment.
| 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 2024 - 30 Jun 2024 | 18 Jul 2024 | 20 | 84% | 14% | 2% | 16% |
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 Securities Europe Services Limited is a private limited company operating within the financial services sector, forming part of the Citadel Securities group. The company focuses on providing services in support of securities and capital markets activities across Europe, operating under the regulatory framework applicable to such entities in the United Kingdom.
The company is registered in England and Wales under company number 14346588 and maintains its registered office at 120 London Wall, London, EC2Y 5ET. It was incorporated on 9 September 2022 and holds an active status, confirming it is a currently trading and compliant legal entity.
Companies of this nature operating within the UK securities services sector typically provide a range of functions including market-making, trade execution support, and operational services associated with the buying and selling of financial instruments. Such organisations play a role in supporting liquidity and efficiency within European capital markets, delivering services to institutional clients and affiliated group entities.
As a London-based operation, Citadel Securities Europe Services Limited benefits from its location within one of the world's leading financial centres, positioning it to serve clients and counterparties across the broader European marketplace.