CAPITA PENSION SOLUTIONS LIMITED
Company Information
- Company Number
- 02260524
- Registered Address
- 65 Gresham Street, London, England, EC2V 7NQ
- Status
- Active
- Employee Count
- 2178.0
- Turnover
- 138200000.0
- EBITDA
- 18700000.0
Additional Details
- Website
- https://myingpension.com/
- Company Type
- Private limited Company
- Incorporated On
- 20 May 1988
- Nature of Business
- 65300 - Pension funding$66190 - Activities auxiliary to financial intermediation not elsewhere classified$66290 - Other activities auxiliary to insurance and pension funding
- Industries
- Financial Services
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 10 | 93% | 6% | 2% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 25 | 94% | 4% | 2% | 4% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 15 | 94% | 3% | 3% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 10 | 94% | 5% | 1% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 7 | 96% | 4% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 9 | 94% | 5% | 1% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 10 | 93% | 6% | 1% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 25 Jul 2020 | 11 | 93% | 5% | 2% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 23 | 74% | 25% | 1% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 28 | 70% | 28% | 2% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 34 | 66% | 25% | 9% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 34 | 59% | 29% | 12% | 33% |
Company Summary
CAPITA PENSION SOLUTIONS LIMITED is a UK-based company that specializes in providing pension administration and consulting services
The company has a strong commitment to sustainability and has implemented various initiatives and programs to reduce its environmental impact
Their sustainability program includes reducing energy consumption, waste reduction, and promoting sustainable travel options for employees
They also have a dedicated team that works towards achieving their sustainability goals and regularly monitors their progress
In terms of products and services, CAPITA PENSION SOLUTIONS LIMITED offers a wide range of pension solutions for both individuals and organizations
These include pension administration, actuarial services, investment consulting, and employee benefits consulting
The company has a team of highly experienced and qualified professionals who are key to its success
This includes their CEO, Jonathan Punter, who has over 20 years of experience in the financial services industry
For contact information, their website address is www.capita.com/pensions and their registered office address is 30 Berners Street, London, W1T 3LR, United Kingdom
In summary, CAPITA PENSION SOLUTIONS LIMITED is a leading company in the UK pension industry, with a strong focus on sustainability
They offer a range of services and have a dedicated team of professionals to ensure the best results for their clients
Company Review
Trend Analysis
The time taken for CAPITA PENSION SOLUTIONS LIMITED to pay invoices to suppliers has been steadily decreasing over the past three periods, from an average of 34 days in 2018 to 10 days in 2020. This shows that the company has been improving its payment process and paying invoices more promptly.
Volatility Analysis
The volatility of the company's payment process has also decreased over the past three periods, with a decrease in the percentage of invoices paid later than 60 days and an increase in the percentage of invoices paid within 30 days. This indicates that the company has become more consistent in its payment practices.
Summary Analysis
Looking at the data for the past three periods, we can see that CAPITA PENSION SOLUTIONS LIMITED has made significant improvements in their payment process. The average time to pay has decreased from 34 days to 10 days, and the percentage of invoices paid within 30 days has increased from 59% to 93%. There has also been a decrease in the percentage of invoices paid later than 60 days, from 12% to 1%. This shows that the company has been paying invoices more promptly and consistently.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
7 Days individuals, 14 Days Micro Business, 30 Days SME, 60 Days Large Corporate
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
The accounts payable helpdesk number and email address is printed on all correspondence to suppliers, any disputes are expected to be resolved within 30 days of the dispute being raised
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