PGIM FINANCIAL LIMITED
Company Information
- Company Number
- 01024618
- Registered Address
- Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR
- Status
- Active
- Employee Count
- 379.0
- Turnover
- 318489000.0
- EBITDA
- 54746000.0
Additional Details
- Website
- https://pgim.com
- Company Type
- Private limited Company
- Incorporated On
- 20 September 1971
- Nature of Business
- 64205 - Activities of financial services holding companies
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 51 | 72% | 13% | 15% | 28% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 30 | 78% | 14% | 8% | 22% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 30 | 80% | 11% | 10% | 21% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 25 | 73% | 14% | 13% | 27% |
| 31 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 25 | 80% | 13% | 7% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 30 | 77% | 12% | 12% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 37 | 73% | 12% | 14% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 25 | 78% | 13% | 9% | 22% |
| 01 Jun 2019 - 31 Dec 2019 | 30 Jan 2020 | 25 | 76% | 17% | 7% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 26 | 77% | 15% | 8% | 23% |
| 01 Jul 2018 - 31 Dec 2018 | 11 Feb 2019 | 32 | 67% | 22% | 10% | 32% |
| 01 Jan 2018 - 30 Jun 2018 | 08 Nov 2018 | 38 | 50% | 39% | 12% | 50% |
Company Summary
PGIM Financial Limited is a leading global investment management firm, providing a wide range of financial services and products to clients around the world
The company is committed to sustainability and has implemented various initiatives to promote responsible and sustainable investing
The company's sustainability program includes incorporating environmental, social, and governance (ESG) factors into its investment decisions, promoting diversity and inclusion within the organization, and actively engaging with portfolio companies to drive positive change
PGIM Financial Limited offers a variety of products and services, including asset management, real estate investments, and private capital solutions
They cater to institutional clients, such as pension funds, insurance companies, and sovereign wealth funds, as well as individual investors
The company has a team of experienced and knowledgeable professionals, including its CEO and Chairman, David Hunt, who has over 30 years of experience in the financial industry
Other key people include the Chief Investment Officer, Chief Operating Officer, and Managing Directors of various business units
For more information on PGIM Financial Limited and its products and services, interested individuals or institutions can visit their website at www.pgim.com
The company's registered office is located at 1 Angel Court, London, EC2R 7AG, United Kingdom
Company Review
Trend Analysis
The average time taken for PGIM FINANCIAL LIMITED to pay invoices to suppliers has decreased steadily over the past three periods, from 38 days in the first period to 30 days in the most recent period. This indicates an improvement in the efficiency of the company's payment processes.
Volatility Analysis
The % of invoices paid within 30 days has fluctuated over the past three periods, with a high of 80% in the most recent period and a low of 50% in the first period. This suggests some volatility in the company's ability to pay invoices on time, but the overall trend shows an improvement in this area.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard 30 days
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
30
Dispute Resolution Process
Initial queries are directed to PGIM Financial Limited central Accounts Payable team based in UK. If that team is unable to resolve matters, issues are escalated to the company employee who engaged the supplier. If required, we would contact the relevant relationship manager at the supplier.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
