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.
❌
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
Premier Fund Managers Limited is a UK-based investment management company that offers a wide range of financial services to its clients. The company was founded in 1988 and has its registered office in Guildford, Surrey.
The company's sustainability program is focused on responsible investment, where they aim to incorporate environmental, social, and governance (ESG) factors into their investment decisions. They also have a sustainability policy in place to ensure that their operations and investments align with sustainable practices.
Premier Fund Managers Limited offers various products and services, including investment trusts, mutual funds, and discretionary investment management services. They have a team of experienced fund managers who specialize in different asset classes, such as equities, fixed income, and alternatives.
Some of the key people at Premier Fund Managers Limited include the CEO, Mike O'Shea, and the Head of Responsible Investment, Guy Davies. They also have a Board of Directors who bring a wealth of experience and expertise to the company.
Clients can access more information about Premier Fund Managers Limited and their services through their website, which also provides contact information for their various offices across the UK. Their registered office address is Premier Fund Managers Limited, Eastgate Court, High Street, Guildford, Surrey, GU1 3DE.
In summary, Premier Fund Managers Limited is a reputable investment management company in the UK that prides itself on responsible and sustainable investment practices. With a wide range of products and services and a team of experienced professionals, they aim to provide their clients with quality financial solutions.
Proud of your payment record? Show your live score on your own site:
<iframe src="https://paymentcheck.co.uk/badge/02274227" width="240" height="72" style="border:0" title="PaymentCheck Score" loading="lazy"></iframe>