Industry ranking
Score of 100/100 qualifies for PaymentCheck Certification
The data for Premier Fund Managers Limited shows a consistent trend of paying invoices within the agreed terms, with no invoices paid later than 60 days. In the first period, the company paid all invoices within 30 days, but this decreased to 67% in the second period.
The volatility in the data is relatively low, with no major changes between periods in the average time to pay or percentage of invoices paid within 30 days. The only notable change is in the percentage of invoices paid later than 60 days, which increased from 0% to 67% in the second period.
For Premier Fund Managers Limited, the average time taken to pay invoices remained consistent at 8 and 12 days in the first and second periods respectively. However, there was a decrease in the percentage of invoices paid within 30 days from 100% to 67%. The company also did not have any invoices paid later than 60 days in the first period, but this increased to 67% in the second period. The shortest standard payment period for the company is 30 days.
| 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 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | |||||
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | |||||
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 12 | 100% | 0% | 0% | 67% |
| 01 Oct 2021 - 31 Mar 2022 | 13 Jun 2022 | 8 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed individually with each supplier either prior to or upon commencement of a service or the delivery of goods. The most common payment terms agreed during the period were 0 days. Following receipt and approval of a valid invoice, those invoices are included in a payment run on either the 1st or 15th of the month as they fall due.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoices paid outside of the agreed terms are typically marketing spend invoices which usually take a while to approve and have shorter payment terms.
Maximum contractual payment period agreed
30
In the event of a dispute, the supplier is expected to contact their usual contact within the company to seek a resolution. Our aim is to resolve any dispute as quickly as possible. Disputes of a more serious nature may be escalated to a Director or the Legal team for resolution.
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
Premier Fund Managers Limited is a UK-registered company authorised and regulated by the Financial Conduct Authority. It is a subsidiary of Premier Miton Group plc and trades as part of the Premier Miton Investors marketing group, which provides investment management services including fund and portfolio management for individual investors, financial advisers, wealth managers and institutional investors. The wider group's investment teams manage funds and portfolios, working within a governance framework overseeing investment decisions. This entity itself functions as one of the regulated operating companies within the group structure, rather than a separate trading brand, sharing marketing and regulatory arrangements with an associated Premier group company.
Generated from the company's website and Companies House records. Sources: premierfunds.co.uk · premierfunds.co.uk