TRANSUNION INTERNATIONAL UK LIMITED
Company number: 03961870
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
30 July 2024
Approved by:
Mark Horsey
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 77%
- in 31 to 60 days: 20%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 65%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Transunion International UK Limited trades with a wide range of suppliers, with negotiated standard payment terms varying from 5 days of the invoice date to 60 days, depending on the type of service provided by the supplier. For example, for companies who require our funding in order to pay direct costs to their suppliers and staff, lower payment terms are accepted. For larger companies who provide services directly related to our sales to customers, payment terms are negotiated to maintain a relationship between this cash outflow and the expected inflow from our customers.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All complaints and disputes are recevied via email to UKAccountsPayableTeam@transunion.com and go through a ticketing system with a 24 hour SLA for an initial response.
The Accounts Payable team will liaise between the relationship owner within the business and the supplier to resolve any disputes.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No