Score of 86.5/100 qualifies for PaymentCheck Certification
| 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 2023 - 30 Jun 2023 | 29 Nov 2023 | 26 | 86% | 8% | 7% | 14% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Nov 2023 | 31 | 75% | 16% | 9% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Days
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
60
We have company policy of NO PO NO PAY. Disputes are handled by the business area procuring the goods and service and contracting supplier. Po system is a 3 way match and settlement happens once goods and services have been receipted for accurately.
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
abrdn Financial Planning and Advice Limited is a financial planning and advice company registered in England, authorised and regulated by the Financial Conduct Authority. It operates through the abrdn Wrap Platform, providing wealth and financial management services to clients via financial advisers. The company forms part of the wider abrdn group. Structured records classify its activities under financial intermediation and activities auxiliary to financial intermediation, consistent with wealth, asset and investment management and budgeting and financial management services.
Generated from the company's website and Companies House records. Sources: fraserheath.wrapadviser.co.uk · fraserheath.wrapadviser.co.uk · fraserheath.wrapadviser.co.uk