3I PLC
Company Details
Registration Number
00397156
Registered Address
16 Palace Street London SW1E 5JD
Company Status
Active
Employee Count
152
Turnover
£259,708,000
EBITDA
£90,026,000
Company Location
Financial Overview
£728,000
£663,110,000
Last Reporting Period
Filed
30 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
11 days
Payment Periods
Shortest
0 days
Longest
107 days
Max Contractual
107 days
Payment Timeline
Not Paid Within Terms
7%
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 Apr 2023 - 30 Sep 2023 | 30 Oct 2023 | 11 | 98% | 2% | 0% | 7% |
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 13 | 95% | 5% | 0% | 10% |
| 01 Apr 2022 - 30 Sep 2022 | 27 Oct 2022 | 13 | 98% | 2% | 0% | 7% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 12 | 98% | 2% | 0% | 6% |
| 01 Apr 2021 - 30 Sep 2021 | 29 Oct 2021 | 14 | 97% | 2% | 1% | 6% |
| 01 Oct 2020 - 31 Mar 2021 | 24 Apr 2021 | 14 | 97% | 3% | 0% | 8% |
| 01 Apr 2020 - 30 Sep 2020 | 19 Oct 2020 | 15 | 96% | 3% | 1% | 8% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 15 | 93% | 7% | 0% | 10% |
| 01 Apr 2019 - 30 Sep 2019 | 29 Oct 2019 | 14 | 97% | 2% | 1% | 6% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 15 | 97% | 2% | 1% | 6% |
| 01 Apr 2018 - 30 Sep 2018 | 29 Oct 2018 | 18 | 93% | 5% | 2% | 17% |
Company Summary
3I PLC is a leading investment company based in London, United Kingdom
The company focuses on providing investment solutions to businesses across various sectors, including private equity, infrastructure, and debt management
The sustainability program of 3I PLC is geared towards minimizing the environmental impact of its operations
This includes implementing energy-efficient practices, reducing carbon emissions, and promoting responsible waste management
The company also supports various social and community initiatives through its corporate social responsibility program
One of the company's key products is its private equity investment services, which involve providing capital and strategic support to growing companies
This allows businesses to expand their operations and create more jobs, ultimately contributing to the economy
3I PLC also offers infrastructure investment services, which involve investing in projects such as renewable energy, transportation, and utilities
The key people at 3I PLC include the CEO, Simon Borrows, who has been with the company since 2012
The Chairman of the Board is Sir Adrian Montague, and the Executive Director is Julia Wilson
The company has a team of experienced professionals who are dedicated to delivering value to their clients
For more information, interested parties can visit 3I PLC's website at www.3iplc.com
The registered office address is 16 Palace Street, London, SW1E 5JD, United Kingdom
Overall, 3I PLC is committed to sustainable practices and providing innovative investment solutions to businesses, making it a leader in the finance industry
Company Review
Trend Analysis
The average time for 3I PLC to pay invoices has decreased steadily over the past three periods, from 18 days in the period of Apr 2018 - Sep 2018 to 11 days in the period of Apr 2023 - Sep 2023.
Volatility Analysis
The volatility of 3I PLC's invoice payment time has been relatively low, with only a 2 day difference between the shortest and longest standard payment period.
Summary Analysis
Overall, 3I PLC has shown a consistent trend of improving their invoice payment time. They have also maintained a high percentage of invoices paid within 30 days, with a peak of 98% in the period of Oct 2021 - Mar 2022. The worst period for 3I PLC was in the period of Apr 2019 - Sep 2019, where 6% of invoices were not paid within agreed terms and the percentage of invoices paid later than 60 days was highest at 1%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
3i plc/3i group plc has standard payment terms of 30 days from receipt of an invoice although invoices are paid earlier if appropriate.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
107
Dispute Resolution Process
In the event of any disputes with suppliers, this would normally be dealt with by the supplier’s relevant 3i business contact. Alternatively, suppliers can contact 3i’s accounts payable team at UKQueries@3i.com, who will ensure this is resolved by the appropriate person.
Other Payment Information
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.
✅
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.
❌
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?
❌
