ABRDN LIFE AND PENSIONS LIMITED
Company Information
- Company Number
- 03526143
- Registered Address
- 280 Bishopsgate, London, United Kingdom, EC2M 4AG
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £231,000
Additional Details
- Website
- https://db.com
- Company Type
- Private limited Company
- Incorporated On
- 6 March 1998
- Nature of Business
- 65300 - Pension funding
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data shows a trend of improvement in the average time taken for ABRDN LIFE AND PENSIONS LIMITED to pay invoices to suppliers. In the first period (Jan 2021 - June 2021), the average time to pay was 32 days, which decreased to 38 days in the second period (July 2021 - Dec 2021) and further decreased to 26 days in the third period (Jan 2022 - June 2022). This indicates that the company is making efforts to pay invoices to suppliers in a timely manner.
Volatility Analysis
The data also shows a decrease in the percentage of invoices paid later than 60 days in each period, indicating a decrease in volatility in the time taken to pay invoices. In the first period, 14% of invoices were paid later than 60 days, which decreased to 7% in the second period and further decreased to 12% in the third period.
Summary Analysis
In the first period (Jan 2021 - June 2021), ABRDN LIFE AND PENSIONS LIMITED had an average time to pay of 32 days, with 86% of invoices paid within 30 days and 14% of invoices paid later than 60 days. In the second period (July 2021 - Dec 2021), the average time to pay increased to 38 days, but the percentage of invoices paid within 30 days increased to 93% and the percentage of invoices paid later than 60 days decreased to 7%. In the third period (Jan 2022 - June 2022), the average time to pay decreased to 26 days, with 88% of invoices paid within 30 days and 12% of invoices paid later than 60 days.
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 Jan 2022 - 30 Jun 2022 | 31 Jul 2022 | 26 | 88% | 0% | 12% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 38 | 93% | 0% | 7% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 32 | 86% | 0% | 14% | 14% |
Payment Time Trends
Payment Distribution Trends
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
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
60
Dispute Resolution Process
DISPUTES - Any dispute relating to the interpretation of, arising out of, relating to or in connection with the agreement will be referred in the first instance to a member of abrdn's senior management and a director of the supplier for resolution.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
ABRDN LIFE AND PENSIONS LIMITED is a leading UK-based financial services company that offers a wide range of products and services in the life insurance and pension industry. They are committed to sustainability and have implemented various programs to reduce their environmental impact.
Their sustainability program includes initiatives such as using renewable energy sources, reducing carbon emissions, and promoting responsible investment practices. They also prioritize ethical and responsible business practices, such as promoting diversity and inclusion and supporting community initiatives.
ABRDN LIFE AND PENSIONS LIMITED offers a variety of products and services to help individuals and businesses plan for their financial future. These include life insurance, pension plans, and investment solutions. They also provide financial advice and support to help their clients make informed decisions.
The key people at ABRDN LIFE AND PENSIONS LIMITED include their CEO, Amanda Blanc, who is a well-respected figure in the financial industry. Their registered office address is 1 George Street, Edinburgh, EH2 2LL, United Kingdom.
Their website, www.abrdn.com, provides detailed information about their products and services, as well as their sustainability efforts and corporate social responsibility initiatives. Customers can also contact them via email or phone, which are listed on their website, for any inquiries or assistance.
In summary, ABRDN LIFE AND PENSIONS LIMITED is a reputable financial services company with a strong commitment to sustainability and responsible business practices. They offer a wide range of products and services to help individuals and businesses plan for their financial future and have a dedicated team of professionals to provide support and advice.
