CAPITA LIFE PENSIONS SERVICES LIMITED

Company Information

Company Number
04359665
Registered Address
65 Gresham Street, London, England, EC2V 7NQ
Status
Active
Employee Count
140.0
Turnover
0.0
EBITDA
-100000.0

Additional Details

Company Type
Private limited Company
Incorporated On
24 January 2002
Nature of Business
65110 - Life insurance
Industries
Financial Services,Professional Services
Region
London

Company Location

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Financial Metrics

Cash
£3,378,667.00
Net Worth
-£107,820,340.00
Total Current Assets
£7,364,129.00
Total Current Liabilities
£129,147,302.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-02-02

Time to Pay

Average Time to Pay
11 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
88%
31-60 Days
11%
After 60 Days
1%
Not Paid Within Terms1%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✗ No

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202302 Feb 20241188%11%1%1%
01 Jan 2023 - 30 Jun 202301 Aug 20234775%5%20%22%
01 Jul 2022 - 31 Dec 202230 Jan 2023995%4%1%2%
01 Jan 2022 - 30 Jun 202229 Jul 2022893%6%1%5%
01 Jul 2021 - 31 Dec 202121 Jan 2022797%2%1%2%
01 Jan 2021 - 30 Jun 202130 Jul 2021895%4%1%4%
01 Jul 2020 - 31 Dec 202025 Jan 2021893%6%1%5%
01 Jan 2020 - 30 Jun 202025 Jul 20201094%4%2%4%
01 Jul 2019 - 31 Dec 201924 Jan 20202376%21%3%21%
01 Jan 2019 - 30 Jun 201926 Jul 20192871%26%3%26%
01 Jul 2018 - 31 Dec 201830 Jan 20193454%32%14%25%
01 Jan 2018 - 30 Jun 201826 Jul 20182865%32%3%18%

Company Summary

CAPITA LIFE & PENSIONS SERVICES LIMITED is a leading provider of financial and administrative services in the United Kingdom

The company offers a range of products and services, including life insurance, pensions, and investment management

One of the key focuses of CAPITA LIFE & PENSIONS SERVICES LIMITED is sustainability

The company is committed to reducing its environmental impact and promoting sustainable practices

They have implemented various initiatives, such as reducing their carbon footprint, promoting recycling and waste reduction, and using renewable energy sources

The company's products and services are designed to help individuals and businesses plan for their financial future

They offer a range of life insurance policies, including term life, whole life, and critical illness cover

Their pension plans include both personal and workplace schemes, with options for both defined contribution and defined benefit plans

They also provide investment management services, helping clients make informed decisions about their investments

CAPITA LIFE & PENSIONS SERVICES LIMITED has a team of experienced and knowledgeable professionals, including financial advisors, insurance experts, and investment managers

They are dedicated to providing excellent customer service and helping clients achieve their financial goals

For those interested in learning more about CAPITA LIFE & PENSIONS SERVICES LIMITED, their website is a valuable resource

It contains information about their products and services, as well as useful tools and resources for managing finances

The company's registered office address is: The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU

Company Review

Trend Analysis

The trend for CAPITA LIFE & PENSIONS SERVICES LIMITED shows an overall improvement in the company's payment times over the past three years. The average time to pay has decreased from 28 days in 2018 to 11 days in 2023. Additionally, the percentage of invoices paid within 30 days has consistently increased from 65% in 2018 to 88% in 2023.

Volatility Analysis

The volatility of CAPITA LIFE & PENSIONS SERVICES LIMITED's payment times has decreased over the past three years, with a significant decrease in the percentage of invoices paid later than 60 days. In 2018, 14% of invoices were paid later than 60 days, but by 2023, this percentage had decreased to only 1%.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

7 Days individuals, 14 Days Micro Business, 30 Days SME, 60 Days Large Corporate

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

The accounts payable helpdesk number and email address is printed on all correspondence to suppliers, any disputes are expected to be resolved within 30 days of the dispute being raised.

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