The average time taken for NEWTON MANAGEMENT LIMITED to pay invoices has remained consistent at 30 days for the first and third periods, with a decrease to 24 days in the second period. There has been an improvement in the percentage of invoices paid within 30 days in the second period, with a slight decrease in the third period. The percentage of invoices paid between 31 and 60 days has increased in the third period, while the percentage of invoices paid later than 60 days has decreased in the same period. Overall, there has been an improvement in the company's payment performance in the second period, but a slight decline in the third period.
The volatility in the average time taken to pay invoices has been minimal, with only a 6-day decrease in the second period compared to the first and third periods. The volatility in the percentage of invoices paid within 30 days has been relatively low, with a 14% increase in the second period compared to the first and third periods. The volatility in the percentage of invoices paid between 31 and 60 days has been the highest, with a 13% increase in the third period compared to the first and second periods. The volatility in the percentage of invoices paid later than 60 days has been relatively low, with a 6% decrease in the third period compared to the first and second periods.
| 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 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 30 | 74% | 21% | 5% | 12% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 24 | 92% | 8% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 30 | 78% | 17% | 6% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most frequently used payment terms for qualifying contracts require payment within 30 days.
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
60
If there is a dispute relating to an invoice or a payment, we will work with the supplier to resolve the issue in a fair and timely manner. Disputes are resolved by discussion and agreement and are typically handled by a member of staff that holds the relationship with the supplier, in conjunction with the Procurement/Legal function (as required), and resolved in accordance with the terms of the contract. Invoices that are subject to dispute will not be paid until resolution. Once resolved, payment will be made in accordance with the terms of the contract.
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
Newton Management Limited is a UK-registered company with a stated business of fund management activities. Available evidence links it to the BNY Investments Newton group, the trading name for a group of affiliated companies that provide investment management services under the 'Newton' or 'Newton Investment Management' brand. These services cover institutional clients such as pension funds, sovereign wealth funds, endowments, foundations, charities and insurance companies, using active, multidimensional investment approaches across equities, income, absolute return, multi-asset and thematic strategies. The group's firms are indirect subsidiaries of The Bank of New York Mellon Corporation. This entity appears to form part of that wider corporate structure rather than being the principal operating investment manager itself.
Generated from the company's website and Companies House records. Sources: newtonim.com · newtonim.com