Their own payment-practices filing · gov.uk
Travelex Banknotes Limited paid suppliers in 20 days on average — inside its 45-day stated terms
Their H2 2019 filing put the average 25 days inside their stated 45-day term.
- Their stated terms
- 45 days
- Paid outside agreed terms
- 61% of invoices
- Paid after 61+ days
- 9%
- Reporting period
- 1 Jul 2019 – 31 Dec 2019
- Source
- their gov.uk filing, filed 30 Jan 2020
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H2 2019 filing
Paid 25 days inside the 45-day term they state
Where their invoices landed · share of all invoices
The read · computed from their figures
Travelex Banknotes Limited's H2 2019 filing put their average at 20 days against stated terms of 45 days; 61% of invoices were paid outside agreed terms and 9% took 61 days or longer. Filed 30 Jan 2020.
That is 2 statutory periods on record (earliest H1 2019) — a historical record, not a promise for a new invoice.
What they tell their suppliers
In their own words · from the filing
Standard payment terms
The Company’s standard supplier payment terms are included in the Group’s Standard Supplier Terms and Conditions (‘‘Standard Supplier T&Cs’’). The standard payment term of the Company is 45 days (the ‘‘Standard Payment Term’’). The Standard Payment Term is applicable to new supplier contracts. The rules governing the Company’s payment process are included in our Standard Supplier T&Cs. A supplier is required to invoice the Company on completion of the services rendered through such invoicing procedure as notified by the Company to the supplier from time to time. Each invoice should include supporting information required by Company to verify the accuracy of the invoice, including but not limited to, the relevant purchase order number. Under our Standard Supplier T&Cs and in consideratio
Dispute resolution
The Company is committed to comply with the payment terms agreed with a supplier. Any dispute related to supplier payment will be handled by the Company’s Legal department and/or Procurement team. The Company’s Standard Supplier T&Cs include the following provisions in relation to the process for resolving disputes related to payment: If the Company fails to make any contractual payment due to a supplier by the due date for payment, then, without limiting the supplier's available remedy as set out in our Standard Supplier T&Cs: - The Company is required to pay interest on any overdue amount at the rate of 3% per annum above The Bank of England's base rate from time to time. - Such interest will accrue on a daily basis from the due date until the date of actual payment of the overdue a
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H2 2019 | 20 | 61% | 9% | 30 Jan 2020 |
| H1 2019 | 27 | 67% | 16% | 31 Jul 2019 |
On the public register · Companies House
Company record
- Status
- Liquidation
- Type
- Private Limited Company
- Incorporated
- 16 Mar 2005
- Registered office
- CENTRAL SQUARE, LEEDS, LS1 4DL
Quick answers · Travelex Banknotes Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-05393803 · latest period to 31 Dec 2019
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