Industry ranking
There is a clear trend of increasing average time taken to pay invoices for PLATFORM SECURITIES LLP over the three periods analysed. This trend is also reflected in the decrease in the percentage of invoices paid within 30 days and the increase in the percentage of invoices paid later than 60 days.
The volatility in the data is not significant as there are no major fluctuations or outliers in the average time taken to pay invoices or the percentage of invoices paid within different time periods. However, there is a slight variation in the percentage of invoices paid between 31 and 60 days and those paid later than 60 days.
| 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 2021 - 30 Jun 2021 | 30 Jul 2021 | 34 | 75% | 14% | 11% | 46% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 36 | 74% | 12% | 14% | 49% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 27 | 83% | 9% | 8% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/a
Maximum contractual payment period agreed
60
N/a
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Platform Securities LLP is a limited liability partnership authorised and regulated by the Financial Conduct Authority, a member of the London Stock Exchange and an authorised ISA plan manager. It is a UK subsidiary of Fidelity National Information Services, Inc. (FIS), with its services offered as part of FIS Wealth as a Service. The firm provides regulated securities and custody-related services to clients classed as Eligible Counterparties or Professional Customers rather than retail customers. It works alongside a related Jersey-registered entity, Platform Securities International Limited. As part of the wider FIS group, it operates within FIS's financial technology and wealth services offering rather than as an independent trading business.
Generated from the company's website and Companies House records. Sources: platformsecurities.com · platformsecurities.com