| 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 2018 - 30 Jun 2018 | 30 Jul 2018 | 34 | 63% | 21% | 16% | 41% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
M&G International Investments Limited’s payment practice information relates to information on UK linked payments made by European branches within M&G International Investments Limited only. M&G Limited acts as the central service company for the M&G Group, which includes M&G International Investments Limited. M&G Limited pays the majority of UK based payments on behalf of M&G Group of companies for qualifying contracts. Please refer to the M&G Limited report for full payment practice details. The M&G Group does not maintain a standard payment period for qualifying contracts, the most frequently used payment period for qualifying contracts is 30 days.
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
31
Suppliers that wish to dispute a payment received from an M&G branch should, in the first instance, contact their local branch office who will consider the complaint and respond accordingly.
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
M & G International Investments Limited was a company registered in England and Wales, incorporated on 3 January 2001 under the name Islemark Limited before adopting its current name. It was registered at Laurence Pountney Hill, London, the same address used by M&G Management Services Limited, which served as its company secretary, indicating it formed part of the M&G financial group. Its listed nature of business was financial intermediation not elsewhere classified. The company's status is recorded as Converted/Closed, having closed on 20 August 2018. No further detail on its specific trading activities is available from the evidence supplied.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk