CITADEL EUROPE LLP demonstrates a predominantly prompt payment trend, with an average payment time of 27 days and 78% of invoices settled within 30 days. However, a consistent 22% of payments are late, indicating a predictable trajectory where a significant minority fall outside standard net-30 terms. This pattern suggests a persistent segment of delayed payments rather than irregular fluctuations.
While the majority of payments are reliable, the 22% late payment rate, with 5% extending beyond 60 days, introduces a moderate level of payment unpredictability for a portion of invoices. This risk factor requires suppliers to anticipate potential delays, as roughly one in five payments will not adhere to 30-day terms. The persistent 5% over 60 days highlights a specific, albeit smaller, area of higher payment risk.
CITADEL EUROPE LLP can be considered a generally reliable client, exhibiting strong prompt payment performance for most invoices. Key decision factors for suppliers include the expectation that 22% of payments may be delayed, with 5% potentially extending beyond 60 days. To mitigate risk, suppliers should establish clear payment terms and consider appropriate credit limits, while actively monitoring these later payments.
| 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 2022 - 30 Jun 2022 | 27 Jul 2022 | 35 | 77% | 15% | 8% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 10 Mar 2022 | 27 | 78% | 17% | 5% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 20 | 92% | 6% | 2% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 11 Feb 2021 | 17 | 89% | 8% | 3% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Aug 2020 | 18 | 88% | 10% | 2% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Feb 2020 | 19 | 86% | 11% | 3% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Sept 2019 | 22 | 83% | 13% | 4% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 24 May 2019 | 25 | 76% | 17% | 7% | 24% |
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
N/A
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 EUROPE LLP is a dissolved limited liability partnership, incorporated on 20 October 2008, based in the London region.
From Companies House records.