The average time to pay for invoices has remained consistent for THE PRUDENTIAL ASSURANCE COMPANY LIMITED from 2018 to 2023.
The percentage of invoices paid within 30 days has fluctuated between 60-70%, while the percentage of invoices paid between 31-60 days has remained between 20-30%. The percentage of invoices paid later than 60 days has also fluctuated between 10-20%. Overall, there is a moderate level of volatility in the payment patterns of THE PRUDENTIAL ASSURANCE COMPANY LIMITED.
From 2018 to 2020, there were no data available for THE PRUDENTIAL ASSURANCE COMPANY LIMITED, so no analysis can be done for those periods. From 2021 to 2023, the average time to pay for invoices remained consistent at 60 days. However, there was a significant improvement in the percentage of invoices paid within 30 days, increasing from 60% in 2021 to 70% in 2023. The percentage of invoices paid later than 60 days also decreased from 20% in 2021 to 10% in 2023. There was also a slight improvement in the percentage of invoices not paid within agreed terms, decreasing from 20% in 2021 to 15% in 2023.
| 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 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
THE PRUDENTIAL ASSURANCE COMPANY LIMITED is an active private limited company, incorporated on 1 June 1881, based in the London region. Registered business activity: Life reinsurance.
From Companies House records.