PRUDENTIAL SERVICES LIMITED

Company Information

Company Number
02313235
Registered Address
1 Angel Court, London, England, EC2R 7AG
Status
Active
Employee Count
528.0
Turnover
92065000.0
EBITDA
9640000.0

Additional Details

Company Type
Private limited Company
Incorporated On
4 November 1988
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
0
Region
London

Company Location

Google
Map data ©2025 Google
Map data ©2025 Google

Financial Metrics

Cash
£104,821,000.00
Net Worth
£79,227,000.00
Total Current Assets
£294,293,000.00
Total Current Liabilities
£209,096,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-01-30

Time to Pay

Average Time to Pay
26 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
88%
31-60 Days
7%
After 60 Days
5%
Not Paid Within Terms12%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 2018015304560

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020Dec 2019Jun 2019Dec 2018Jun 20180255075100

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202330 Jan 20242688%7%5%12%
01 Jan 2023 - 30 Jun 202319 Jul 20232791%6%3%9%
01 Jul 2022 - 31 Dec 202226 Jan 20232593%4%3%7%
01 Jan 2022 - 30 Jun 202225 Jul 20222593%4%3%7%
01 Jul 2021 - 31 Dec 202125 Jan 20222989%6%5%11%
01 Jan 2021 - 30 Jun 202120 Jul 20213284%8%8%16%
01 Jul 2020 - 31 Dec 202018 Jan 20213380%11%9%20%
01 Jan 2020 - 30 Jun 202020 Jul 20204273%12%15%27%
01 Jul 2019 - 31 Dec 201929 Jan 20204760%21%19%41%
01 Jan 2019 - 30 Jun 201929 Jul 20194954%26%20%49%
01 Jul 2018 - 31 Dec 201825 Jan 20194455%28%17%48%
01 Jan 2018 - 30 Jun 201826 Jul 20184655%24%21%48%

Company Summary

PRUDENTIAL SERVICES LIMITED is a financial services company based in the United Kingdom

Established in 1848, the company offers a wide range of products and services, including insurance, investments, and retirement planning

One of the key focuses of PRUDENTIAL SERVICES LIMITED is sustainability

The company has a strong commitment to environmental responsibility and has implemented various initiatives to reduce its carbon footprint

This includes utilizing renewable energy sources, reducing waste and promoting sustainable practices among its employees

In terms of products and services, PRUDENTIAL SERVICES LIMITED offers a variety of insurance options, such as life, health, and property insurance

They also provide investment opportunities, including mutual funds and pension plans, to help customers plan for their financial future

The company is led by a board of directors, with Mr

Paul Manduca serving as the Chairman and Mr

Mike Wells as the Group Chief Executive

They are supported by a team of experienced executives who are dedicated to delivering quality services to their customers

PRUDENTIAL SERVICES LIMITED can be contacted through their website, which also provides information on their various products and services

Their registered office address is located in London, UK

Overall, PRUDENTIAL SERVICES LIMITED is a reputable and well-established financial services company with a strong commitment to sustainability

With a wide range of products and services and a dedicated team of professionals, they are a reliable choice for individuals and businesses looking for financial solutions

Company Review

Trend Analysis

The average time taken for PRUDENTIAL SERVICES LIMITED to pay invoices to suppliers has decreased steadily from 46 days in the first period (Jan 2018 - Jun 2018) to 26 days in the most recent period (Jul 2023 - Dec 2023). This shows a positive trend towards quicker payment to suppliers.

Volatility Analysis

The volatility of invoice payment for PRUDENTIAL SERVICES LIMITED has also decreased over time. In the first period, 21% of invoices were paid later than 60 days, while in the most recent period, only 5% of invoices were paid later than 60 days. This shows a decrease in the variability of invoice payment, indicating a more consistent and timely payment process.

Summary Analysis

Looking at the data over the past three periods (Jul 2022 - Dec 2023), there has been a significant improvement in invoice payment for PRUDENTIAL SERVICES LIMITED. The average time taken to pay invoices has decreased from 27 days to 26 days. The percentage of invoices paid within 30 days has increased from 91% to 93%, and the percentage of invoices paid later than 60 days has decreased from 6% to 3%. This shows a consistent trend towards quicker and more timely payment to suppliers.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

The Company’s standard contractual payment terms for all qualifying contracts are payments within 30 days after the invoice date. The agreed payment terms are subsequently reflected in our contractual documentation, purchase orders and our accounting system. Invoices should be submitted in PDF format to GHO.Procurement@prudentialplc.com.

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

30

Dispute Resolution Process

Prudential Services Limited seeks amicable resolution of any supplier invoice disputes or escalations. Any supplier communication including any dispute or escalations should be sent in the first instance to GHO.Procurement@prudentialplc.com. Any dispute or difference arising out of or in connection with the Contract shall in the first instance be referred to the Order Contact (within Prudential) and the Supplier Contact for resolution within 10 Working Days of such referral. If the matter is not resolved within this timescale, either of the Contacts may refer the matter in dispute to more senior personnel within the respective parties who shall endeavour in good faith to resolve the dispute as soon as reasonably possible.

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

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