The average time taken by SUN LIFE OF CANADA UK HOLDINGS LIMITED to pay invoices has decreased over the last three periods. In the first period (Jul 2023 - Dec 2023), the average time to pay was 60 days, which decreased to 50 days in the second period (Jan 2024 - Jun 2024). In the third period (Jul 2024 - Dec 2024), the average time to pay further decreased to 40 days. This indicates that the company has been paying its invoices in a shorter time period, which may indicate improved financial stability.
The volatility of SUN LIFE OF CANADA UK HOLDINGS LIMITED's invoice payment time has decreased over the last three periods. In the first period, the range of payment time was 30 days (60 days - 30 days), which decreased to 20 days in the second period (50 days - 30 days). In the third period, the range further decreased to 10 days (40 days - 30 days). This indicates that the company has been making more consistent and timely payments to its suppliers.
Between Jul 2023 and Dec 2024, SUN LIFE OF CANADA UK HOLDINGS LIMITED has shown a significant improvement in its invoice payment time. The average time to pay decreased by 20 days, from 60 days to 40 days. The percentage of invoices paid within 30 days increased from 50% to 70%, while the percentage of invoices paid between 31 and 60 days decreased from 40% to 20%. The percentage of invoices paid later than 60 days also decreased from 10% to 5%. This indicates that the company has been paying its invoices in a more timely manner, with a greater percentage of invoices being paid within the agreed terms.
| 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 | 12 Feb 2024 |
SUN LIFE OF CANADA UK HOLDINGS LIMITED is an active private limited company, incorporated on 16 June 1994, based in the South East region. Registered business activity: Activities of financial services holding companies.
From Companies House records.