The average time taken for GUARDIAN ROYAL EXCHANGE PUBLIC LIMITED COMPANY to pay invoices has been increasing over the past three periods, going from an average of 0 days in the first period to 4.3 days in the third period. This indicates a trend towards longer payment times.
The percentage of invoices paid within 30 days has been fluctuating over the past three periods, with a high of 100% in the first period, a low of 83.3% in the second period, and a slight increase to 86.7% in the third period. This indicates some volatility in GUARDIAN ROYAL EXCHANGE PUBLIC LIMITED COMPANY's ability to pay invoices on time.
From the data, it is clear that GUARDIAN ROYAL EXCHANGE PUBLIC LIMITED COMPANY has been taking longer to pay invoices over the past three periods. While there has been some volatility in payment times, there is a concerning trend towards late payments, with an increasing percentage of invoices paid later than 60 days. The company also struggles to pay invoices within agreed terms, with a fluctuating but consistently high percentage of invoices not paid within agreed terms.
| 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 2018 - 31 Dec 2018 | 23 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 |
Guardian Royal Exchange Public Limited Company is registered as a financial services holding company, based in London. Evidence relating to the wider Guardian brand indicates that its historical business, comprising life policies, pensions and annuities, was sold to ReAssure in 2016. The Guardian brand re-entered the market in 2018 under a new identity, now offering protection policies through intermediaries. As a holding entity, this company's own role relates to the group structure behind these financial services activities rather than direct trading with customers. No further detail on its current operational function is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: guardianfs.co.uk