INVESTEC ASSET FINANCE PLC
Company Information
- Company Number
- 02179313
- Registered Address
- Reading International Business Park, Reading, RG2 6AA
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- £117,914,000
- EBITDA
- £28,681,000
Additional Details
- Website
- http://investec.co.uk/
- Company Type
- Public limited Company
- Incorporated On
- 15 October 1987
- Nature of Business
- 64910 - Financial leasing
- Industries
- Financial Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
INVESTEC ASSET FINANCE PLC typically pays within 35 days on average, with 68% of payments being made within 30 days. However, a significant 32% of payments extend beyond this, indicating a trend where a portion of invoices will not meet standard net-30 terms.
Volatility Analysis
The 33% late payment rate suggests a degree of unpredictability, as one-third of invoices will not be paid on time. Specifically, 14% of payments extending beyond 60 days introduces a clear risk of significantly delayed cash flow for a segment of transactions, impacting reliability.
Summary Analysis
While a majority of payments are prompt, suppliers should factor in a substantial 33% late payment rate and prepare for longer payment cycles for a portion of invoices. Careful cash flow planning is essential, and mitigation strategies like clear payment terms or potential early payment incentives might be considered to manage the risk of extended payment delays.
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 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 45 | 76% | 14% | 10% | 25% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 35 | 68% | 18% | 14% | 33% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 28 | 76% | 12% | 12% | 25% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 28 | 77% | 13% | 10% | 24% |
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
Standard payment terms are 30 days, unless supplier contracts dictate differently.
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
If at any time any question, dispute or difference arises between Investec and a vendor, such question, dispute or difference should be raised by the vendor to their Investec contact managing the relationship, Any escalations should be raised to the Accounts Payable department whose contact details are available upon request.
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.
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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
Company Summary
INVESTEC ASSET FINANCE PLC is an active public limited company. It operates specifically within the asset finance sector.
Incorporated on 15 October 1987, the company holds company number 02179313. Its registered office is located at Reading International Business Park, Reading, RG2 6AA, placing it within the South East region.
Typically, companies in the asset finance sector provide funding solutions for businesses to acquire essential assets. These services often include hire purchase, finance leases, and operating leases for equipment, vehicles, and machinery across various industries.
