INVESTMENT FUNDS DIRECT LIMITED
Company Information
- Company Number
- 01610781
- Registered Address
- 10 Fenchurch Avenue, London, United Kingdom, United Kingdom, EC3M 5AG
- Status
- Active
- Employee Count
- 395
- Turnover
- £31,467,000
- EBITDA
- -£49,457,000
Additional Details
- Website
- https://ascentric.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 2 February 1982
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 35 | 70% | 20% | 10% | 35% |
| 01 Jul 2024 - 31 Dec 2024 | 21 Jan 2025 | 34 | 73% | 20% | 7% | 30% |
| 01 Jan 2023 - 30 Jun 2024 | 22 Jul 2024 | 48 | 71% | 18% | 11% | 31% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 46 | 66% | 21% | 13% | 36% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 61 | 66% | 12% | 22% | 37% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 56 | 65% | 16% | 19% | 38% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 58 | 57% | 18% | 25% | 50% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 45 | 46% | 34% | 20% | 60% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Feb 2021 | 13 | 90% | 7% | 3% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 11 | 98% | 2% | 0% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 24 | 81% | 14% | 5% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 25 | 64% | 33% | 3% | 35% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Dispute Resolution Process
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.
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?
No information available
Company Summary
Investment Funds Direct Limited (IFDL) is a financial services company based in the United Kingdom. The company was founded in 2003 and is currently headquartered in Manchester. IFDL offers a range of investment products and services to individual and institutional clients.
One of the key activities of IFDL is providing a platform for investors to manage their investments. They offer a wide range of investment products including stocks, bonds, and funds from various providers. The company also provides a comprehensive online platform for clients to track their investments, make trades, and access research and educational materials.
IFDL has a strong focus on sustainability and offers a range of sustainable investment options for clients. They have a dedicated team that evaluates and selects companies that meet ethical, social, and environmental criteria for their sustainable funds. This allows clients to invest in companies that align with their values and contribute to a more sustainable future.
The company is led by a team of experienced professionals, including CEO Richard Freeman and Managing Director Pip Gooding. They have a strong track record in the financial services industry and are committed to providing quality services to their clients.
IFDL can be contacted through their website, which also provides information on their products and services. The registered office address is located at Exchange Quay, Salford, Manchester, M5 3EE, United Kingdom.
Overall, Investment Funds Direct Limited is a reputable financial services company that offers a range of investment products and services with a focus on sustainability. Their experienced team, commitment to ethical investments, and user-friendly platform make them a popular choice for investors in the UK.
