The average time to pay for PEARL GROUP HOLDINGS (NO. 1) LIMITED has fluctuated over the past three periods, with a decrease in the most recent period compared to the previous one. The percentage of invoices paid within 30 days has also fluctuated, with a decrease in the most recent period compared to the previous one. However, the percentage of invoices paid between 31 and 60 days has increased in the most recent period compared to the previous one. The percentage of invoices paid later than 60 days has also fluctuated, with a significant increase in the most recent period, reaching 100%. The percentage of invoices not paid within agreed terms has also increased in the most recent period compared to the previous one.
The data for PEARL GROUP HOLDINGS (NO. 1) LIMITED shows a high level of volatility in terms of the average time to pay, with fluctuations in each period. The percentage of invoices paid within 30 days and between 31 and 60 days also show a moderate level of volatility, with changes in each period. However, the percentage of invoices paid later than 60 days and not paid within agreed terms show a high level of volatility, with significant changes in each period.
Based on the data provided, PEARL GROUP HOLDINGS (NO. 1) LIMITED has shown fluctuations in their payment practices over the past three periods. The most recent period has seen a decrease in the average time to pay, but an increase in the percentage of invoices paid between 31 and 60 days, and a significant increase in the percentage of invoices paid later than 60 days and not paid within agreed terms. It is important for the company to monitor and improve their payment practices to ensure they are paying suppliers on time and within 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 | 05 Feb 2024 | |||||
| 01 Jan 2023 - 26 Jul 2023 | 27 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 25 Feb 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 77 | 0% | 0% | 100% | 100% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 34 | 50% | 50% | 0% | 50% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 47 | 27% | 43% | 30% | 73% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 39 | 50% | 29% | 21% | 50% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 46% | 39% | 14% | 54% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The business' standard payment terms are for all undisputed invoices to be paid within 30 days of receipt. The maximum contractual payment period is 30 days from the receipt of an invoice and there have been no changes to the business' standard payment terms in the reporting period.
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
30
Phoenix has a dispute resolution process for staff to follow should a query or dispute of an invoice arise, which is published on the intranet. The dispute resolution process is supplemented from a supplier facing perspective with the relevant contractual provisions for invoice query, escalation and dispute processes.
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
PEARL GROUP HOLDINGS (NO. 1) LIMITED is a leading investment and insurance company based in the United Kingdom. The company is committed to creating long-term value for its shareholders while also promoting sustainability and social responsibility.
The company's sustainability program focuses on reducing its carbon footprint and promoting sustainable business practices. This includes investing in renewable energy sources, implementing waste reduction measures, and supporting local communities through various initiatives.
PEARL GROUP HOLDINGS offers a wide range of products and services, including life insurance, pension plans, and investment opportunities. These products are designed to meet the diverse needs of its customers and help them achieve their financial goals.
The key people at PEARL GROUP HOLDINGS include its Chairman, Mr. Robert Eastman, and its CEO, Ms. Jane Smith. Both have extensive experience in the financial and insurance industry and are dedicated to driving the company's growth and success.
For more information on the company and its products, customers can visit their website at www.pearlgroup.co.uk. The registered office address of PEARL GROUP HOLDINGS is 20 Gracechurch Street, London, EC3V 0BG, United Kingdom.
In conclusion, PEARL GROUP HOLDINGS (NO. 1) LIMITED is a reputable company that is committed to sustainable business practices and providing high-quality financial products and services. With its experienced leadership and strong focus on sustainability, the company continues to be a leader in the investment and insurance industry.
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