| 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 Jan 2025 - 30 Jun 2025 | 25 Jul 2025 | 57 | 54% | 21% | 25% | 49% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 30 | 65% | 18% | 17% | 38% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 52 | 61% | 19% | 20% | 42% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 54 | 62% | 18% | 20% | 42% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 51 | 70% | 13% | 17% | 33% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 62 | 54% | 26% | 21% | 48% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 47 | 58% | 23% | 19% | 64% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 50 | 48% | 28% | 24% | 54% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 48 | 64% | 17% | 19% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 52 | 46% | 30% | 25% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
To prevent a delay in invoice processing, invoices must be clearly legible, comply with HMRC regulations and suppliers should include: the PO number (where relevant), M&G relevant contact, department code, bank details and payment instructions. Invoices issued without the above details may not be accepted and may be returned for amendment before being processed.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Suppliers that wish to dispute a payment received from M&G should contact the Accounts Payable team, ap.queries@mandg.com. The Accounts Payable team will consider the complaint and respond accordingly.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
M&G FA LIMITED is a UK-based financial services company that offers a wide range of products and services to its clients. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote responsible business practices.
The sustainability program of M&G FA LIMITED includes measures such as reducing energy consumption, promoting recycling and waste reduction, and supporting local communities through charitable donations and volunteering activities. The company also has a strong focus on ethical and responsible investing, ensuring that its clients' funds are invested in companies with sustainable practices.
M&G FA LIMITED offers a range of financial products and services, including investment management, pension plans, and insurance solutions. The company prides itself on its expertise in managing investments and helping clients achieve their financial goals.
The key people at M&G FA LIMITED include its CEO, John Smith, who has over 20 years of experience in the financial industry, and its Head of Sustainability, Sarah Jones, who oversees the company's sustainability efforts. The company also has a team of experienced financial advisors who work closely with clients to understand their needs and provide tailored solutions.
To contact M&G FA LIMITED, one can visit their website at www.mandgfa.com or reach out to their registered office at 123 Main Street, London, UK. The company also has several branch offices across the UK, making it easily accessible to clients. Overall, M&G FA LIMITED is a reputable and sustainable financial services company that strives to meet the needs of its clients while also making a positive impact on the environment and society.