Industry ranking
| 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 2021 - 31 Dec 2021 | 31 Jan 2022 | 39 | 81% | 0% | 19% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 34 | 73% | 18% | 9% | 20% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 24 | 98% | 2% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 24 | 94% | 4% | 2% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 23 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 24 | 89% | 11% | 0% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 23 | 100% | 0% | 0% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 23 | 86% | 14% | 0% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most frequently used payment terms for qualifying contracts require payment within 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
There were significant changes to the AP landscape in 2021 due to the implementation of a new AP invoicing system as well as a transition to a new AP outsourced provider. These have had a significant but temporary impact on payment performance in 2021. Going forward, we expect payment performance to start to improve throughout 2022.
Maximum contractual payment period agreed
60
If there is a dispute relating to an invoice or a payment, we will work with the supplier to resolve the issue in a fair and timely manner. Disputes are resolved by discussion and agreement and are typically handled by the member of staff that holds the relationship with the supplier, in conjunction with the Procurement/Legal function (as required), and resolved in accordance with the terms of the contract. Invoices that are subject to dispute will not be paid until resolution. Once resolved, payment will be made in accordance with the terms of the contract.
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
Insight Investment Funds Management Limited is registered at the London address used by the Insight Investment group of companies, which trades under the corporate brand Insight Investment. The wider group describes itself as a global asset manager operating across liability driven investment, fixed income, currency solutions, cash management, absolute return and multi-asset strategies, serving pension funds, corporates, local authorities, insurers, sovereign wealth funds, wealth managers, financial institutions and individual investors. The Insight Investment group of companies are wholly owned subsidiaries of The Bank of New York Mellon Corporation. This entity's own specific operational role is not detailed in the available evidence, but it sits within this asset management group structure.
Generated from the company's website and Companies House records. Sources: insightinvestment.com