The data for PERSHING HOLDINGS (UK) LIMITED shows a consistent trend of paying invoices within an average of 21 days. There has been no significant change in the percentage of invoices paid within 30 days, which has remained at 100% for all three periods.
The data for PERSHING HOLDINGS (UK) LIMITED shows a low volatility in the average time to pay invoices, with only a 1 day decrease from 21 days in the first period to 20 days in the third period. The percentage of invoices paid within 30 days has remained at 100% with no changes. There have been no invoices paid later than 60 days in any of the three periods.
The data for PERSHING HOLDINGS (UK) LIMITED shows a consistent trend of paying invoices within an average of 21 days. There have been no significant changes in any of the percentages for all three periods. In all periods, 100% of invoices were paid within 30 days and no invoices were paid later than 60 days. The shortest (or only) standard payment period has remained at 30 days for all three periods.
| 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 2019 - 30 Jun 2019 | 26 Jul 2019 | 20 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 21 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 21 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most frequently used payment terms for qualifying contracts require payment within 30 business 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
60
If there is a dispute relating to an invoice or a payment, we will work with the supplier to resolve the issue in a fair and timely manner. Disputes are resolved by discussion and agreement and are typically handled by the member of staff that holds the relationship with the supplier, in conjunction with the Procurement/Legal function (as required), and resolved in accordance with the terms of the contract. Invoices that are subject to dispute will not be paid until resolution. Once resolved, payment will be made in accordance with the terms of the contract.
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
Pershing Holdings (UK) Limited is a private limited company registered at Royal Liver Building, Pier Head, Liverpool, incorporated in 2003. Companies House records its nature of business as activities of financial services holding companies. Filing history shows The Bank of New York Mellon Corporation is recorded as a person with significant control, indicating the company functions as a UK holding entity within the Bank of New York Mellon corporate group rather than as an operating trading business itself. It files full annual accounts and confirmation statements and has had numerous director appointments and resignations over the years. No further detail on trading activities, products or services is provided in the available records.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk