Industry ranking
Score of 95/100 qualifies for PaymentCheck Certification
The data for FIL INVESTMENT SERVICES (UK) LIMITED shows a consistent trend of paying invoices within 30 days, with a slight increase in the average time taken to pay invoices from 21 days in 2017 to 25 days in 2023. The percentage of invoices paid within 30 days has remained at 100% throughout all periods.
There is low volatility in the data for FIL INVESTMENT SERVICES (UK) LIMITED, as there are no major changes in the time taken to pay invoices or the percentage of invoices paid within 30 days. The only significant change is in the percentage of invoices not paid within agreed terms, which increased from 0% in 2017 to 25% in 2023.
| 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 2023 - 31 Dec 2023 | 25 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 14 | 100% | 0% | 0% | 25% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | |||||
| 01 Jul 2017 - 31 Dec 2017 | 24 Jan 2018 | 21 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company’s standard contractual payment terms for all qualifying contracts are payments within 60 days after invoice receipt date and they are the maximum payment terms the Company has with suppliers. Other payment terms may apply after negotiation with suppliers without ever exceeding above mentioned maximum payment terms. The agreed payment terms are subsequently reflected in our contractual documentation and accounting system. There were no changes to standard payment terms in the reporting period.
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
Invoices should be submitted in PDF format to invoices.fidelity@fil.com; any supplier communications including dispute or concern matters should be sent in the first instance to p2p.uk@fil.com. The supplier and the Company shall use all reasonable endeavours to discuss and resolve any payment dispute. If the parties cannot resolve the dispute within five working days, the dispute shall be referred in the second instance to the immediate manager for discussion and in the third instance to a Senior officer of the Company.
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
FIL Investment Services (UK) Limited is registered under SIC code 66120, security and commodity contracts dealing, and forms part of the Fidelity International group. Fidelity International offers investment products and services including Stocks and Shares ISAs, Self-Invested Personal Pensions, Investment Accounts, Junior ISAs and Junior SIPPs, along with funds, exchange-traded funds, investment trusts and share dealing. The group also provides financial advice, retirement guidance and a Wealth Management service for larger portfolios. Its website notes that the group has over 1.7 million customers and more than fifty years of experience helping people invest, with UK and Ireland-based customer service teams supporting account holders across its range of investment and pension products.
Generated from the company's website and Companies House records. Sources: fidelity.co.uk · fidelity.co.uk