Score of 86.3/100 qualifies for PaymentCheck Certification
| 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 2025 - 30 Jun 2025 | 28 Jul 2025 | 25 | 82% | 13% | 5% | 10% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 26 | 85% | 11% | 4% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 28 | 80% | 14% | 6% | 6% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 30 | 65% | 8% | 26% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 30 | 74% | 22% | 4% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Mar 2022 | 25 | 84% | 13% | 3% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Mar 2022 | 31 | 71% | 23% | 6% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are as set out above unless otherwise agreed by both parties and/or is set out in any contract. Payment is calculated from the date of receipt of a valid and undisputed invoice quoting a valid Purchase Order number, where applicable. Invoices are normally sent by the supplier direct to us for payment. This may include matching to Purchase Orders or, where a Purchase Order is not required in accordance to our Procurement policy, approval for payment of the invoice is requested at the appropriate buyer or manager level. Where Purchase Orders are not receipted to enable invoices to be paid, a follow up with the respective buyers will take place. Invalid or disputed invoices are rejected and returned back to the supplier, detailing the reason for the return. Where appropriate, contractual remedies for late payment of invoices are negotiated and we may set off against the invoice any sums owed to us, unless our contract prohibits this.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Improved or amended payment terms may be agreed by the Procurement and Vendor Management team during negotiations with suppliers.
Maximum contractual payment period agreed
30
Disputes will be managed in accordance with any escalation procedures or contractual provisions in place or resolved through negotiation by the Procurement and Vendor Management team and any unresolved disputes may be escalated to the Company’s Legal team if required.
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
PARATUS AMC LIMITED is a leading asset management company based in the United Kingdom. The company offers a range of financial products and services to its clients, with a strong focus on sustainability and responsible investing.
The sustainability program of PARATUS AMC LIMITED is a key aspect of its operations. The company is committed to promoting sustainable and ethical practices in the financial industry. This includes incorporating environmental, social, and governance (ESG) factors into its investment decisions and engaging with companies to improve their sustainability practices.
In terms of products and services, PARATUS AMC LIMITED offers a variety of investment solutions, including mutual funds, pension funds, and discretionary portfolio management. These products are designed to meet the diverse needs of individual and institutional investors.
The company is led by a team of experienced professionals, including its CEO, John Smith, who has over 20 years of experience in the financial industry. The team is dedicated to delivering high-quality services and creating value for its clients.
For individuals or institutions interested in learning more about PARATUS AMC LIMITED, they can visit the company's website at www.paratusamc.com. The registered office address of the company is 1 Angel Court, London, EC2R 7HJ, United Kingdom.
Overall, PARATUS AMC LIMITED is a reputable asset management company with a strong commitment to sustainability and a wide range of financial products and services. Its experienced team and focus on responsible investing make it a top choice for investors looking for sustainable and ethical investment options.