PGIM REAL ESTATE UK LIMITED
Company Information
- Company Number
- 03205768
- Registered Address
- Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 61360000.0
- EBITDA
- 8341000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 May 1996
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 | 31 Jan 2024 | 51 | 72% | 13% | 15% | 28% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 30 | 78% | 14% | 8% | 22% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 30 | 80% | 11% | 10% | 21% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 25 | 73% | 14% | 13% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 25 | 80% | 13% | 7% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 30 | 77% | 12% | 12% | 24% |
Company Summary
PGIM Real Estate (UK) Limited is a leading real estate investment management company that operates in the United Kingdom
The company is committed to sustainability and has a strong focus on responsible property investment
Their sustainability program includes initiatives such as energy-efficient building design, waste reduction, and promoting green transportation options for their employees
They also incorporate sustainable practices in their property management and development projects
PGIM Real Estate (UK) Limited offers a wide range of products and services to their clients, including real estate investment management, asset management, and development services
They work with a diverse client base, including institutional investors, corporations, and high-net-worth individuals
The key people at PGIM Real Estate (UK) Limited include the CEO, Head of Investment, and Head of Development, who bring a wealth of experience and expertise to the company
They are dedicated to delivering exceptional results for their clients and ensuring the company's continued success
To contact PGIM Real Estate (UK) Limited, you can visit their website at www.pgimrealestate.co.uk, where you can find more information about their services and sustainability initiatives
The registered office address is 20 Gresham Street, London, EC2V 7JE, United Kingdom
With a strong focus on sustainability and a wide range of products and services, PGIM Real Estate (UK) Limited is a trusted and reputable company in the UK real estate industry
Company Review
Trend Analysis
The average time taken for PGIM REAL ESTATE (UK) LIMITED to pay invoices has remained relatively stable over the past three periods, with a slight increase in the most recent period (2023-07-01 to 2023-12-31).
Volatility Analysis
The volatility of the % of invoices paid within 30 days has fluctuated between 72% and 80% over the past three periods, with a slight decrease in the most recent period. The % of invoices paid between 31 and 60 days has also fluctuated between 11% and 14%, with a slight increase in the most recent period. The % of invoices paid later than 60 days has remained relatively stable, with a small increase in the most recent period.
Summary Analysis
From Jan 2021 to Jun 2023, PGIM REAL ESTATE (UK) LIMITED has seen a slight decrease in their average time to pay invoices, from 30 days to 25 days. The % of invoices paid within 30 days has remained relatively stable, with a slight decrease from 77% to 73%. The % of invoices paid between 31 and 60 days has seen a small increase, from 12% to 14%. The % of invoices paid later than 60 days has also seen a small increase, from 12% to 13%. The % of invoices not paid within agreed terms has remained relatively stable, with a slight decrease from 24% to 22%. The shortest (or only) standard payment period has remained constant at 30 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days standard terms
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
Initial queries are directed to PGIM Financial Limited central Accounts Payable team based in UK. If that team is unable to resolve matters, issues are escalated to the company employee who engaged the supplier. If required, we would contact the relevant relationship manager at the supplier.
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.
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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
