From Apr 2018 to Sep 2018, LIONTRUST ASSET MANAGEMENT PLC had an average time to pay invoices of 11 days, with 90% of invoices paid within 30 days. In the following period from Oct 2018 to Mar 2019, the average time to pay increased to 15.2 days, with 76% of invoices paid within 30 days. However, there was a slight improvement in the last period from Apr 2019 to Sep 2019, with an average time to pay of 13.6 days and 82% of invoices paid within 30 days.
LIONTRUST ASSET MANAGEMENT PLC showed some volatility in their payment patterns over the three periods analyzed. There was an increase in the percentage of invoices paid between 31 and 60 days, from 10% in the first period to 19% in the second period, before decreasing to 13% in the last period. There was also a slight increase in the percentage of invoices paid later than 60 days, from 0% in the first period to 5% in the second and third period. However, the company has consistently maintained a 100% on-time payment record, with 0% of invoices not paid within agreed terms, in all three 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 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 11 | 90% | 10% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days for qualifying services
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment terms referred to are only for qualifying contracts. As a financial services company, for non-qualifying contracts there are a number of different terms that operate.
Maximum contractual payment period agreed
30
There is no formal dispute resolution process. We would aim to resolve any disputes and complaints in an amicable manner. In extreme circumstances we would take appropriate legal advice.
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
LIONTRUST ASSET MANAGEMENT PLC is an active public limited company, incorporated on 2 August 1994, based in the London region. Registered business activity: Financial intermediation not elsewhere classified.
From Companies House records.