JUST RETIREMENT MANAGEMENT SERVICES LIMITED
Company Information
- Company Number
- 04682458
- Registered Address
- Enterprise House, Bancroft Road, Reigate, Surrey, England, RH2 7RP
- Status
- Active
- Employee Count
- 1124.0
- Turnover
- 174120000.0
- EBITDA
- 0.0
Additional Details
- Website
- https://www.thetonic.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 28 February 2003
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- 0
- Region
- South East
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 28 | 83% | 10% | 7% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 33 | 70% | 19% | 11% | 27% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 28 | 78% | 14% | 8% | 24% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 42 | 76% | 14% | 10% | 27% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 28 | 80% | 14% | 6% | 22% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 35 | 78% | 13% | 9% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 28 | 80% | 10% | 10% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 40 | 78% | 13% | 9% | 23% |
| 01 Jul 2019 - 31 Dec 2019 | 16 Jan 2020 | 30 | 79% | 13% | 8% | 24% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 18 | 78% | 12% | 10% | 22% |
| 01 Jun 2018 - 31 Dec 2018 | 28 Jan 2019 | 24 | 84% | 8% | 8% | 12% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 21 | 85% | 10% | 5% | 15% |
Company Summary
JUST RETIREMENT MANAGEMENT SERVICES LIMITED is a UK-based company that offers a range of financial services and products for retirement planning
The company was founded in 2004 and is headquartered in Reigate, Surrey
The company's main focus is on providing retirement solutions to individuals, including pension and annuity products
They also offer services such as financial planning, equity release, and long-term care planning
JUST RETIREMENT MANAGEMENT SERVICES LIMITED is committed to sustainability and has implemented various initiatives to minimize their environmental impact
They have a recycling program in place and promote the use of renewable energy sources in their offices
The key people at JUST RETIREMENT MANAGEMENT SERVICES LIMITED include Chief Executive Officer, Rodney Cook, and Chief Financial Officer, Stephen Lowe
Both have extensive experience in the financial services industry and are dedicated to providing the best retirement solutions for their clients
For more information on their products and services, customers can visit their website at www.justretirement.com
The registered office address for JUST RETIREMENT MANAGEMENT SERVICES LIMITED is Vale House, Roebuck Close, Bancroft Road, Reigate, Surrey, RH2 7RU
Company Review
Trend Analysis
The average time taken for JUST RETIREMENT MANAGEMENT SERVICES LIMITED to pay invoices has fluctuated over the past three years, with a general trend of increasing from 2018 to mid-2020, followed by a decrease in 2021 and a slight increase in 2022. However, the percentage of invoices paid within 30 days has remained relatively consistent, with a slight decrease in 2022. The percentage of invoices paid between 31 and 60 days has fluctuated, with a decrease in 2020 and an increase in 2021. The percentage of invoices paid later than 60 days has remained relatively consistent, with a slight decrease in 2021 and an increase in 2022. The percentage of invoices not paid within agreed terms has fluctuated, with a peak in 2020 and a decrease in 2021 and 2022.
Volatility Analysis
The average time taken for JUST RETIREMENT MANAGEMENT SERVICES LIMITED to pay invoices has been relatively volatile, with a range of 21 days to 42 days. The percentage of invoices paid within 30 days has also been volatile, with a range of 70% to 85%. The percentage of invoices paid between 31 and 60 days has been less volatile, with a range of 8% to 19%. The percentage of invoices paid later than 60 days has been relatively stable, with a range of 5% to 11%. The percentage of invoices not paid within agreed terms has been volatile, with a range of 12% to 27%.
Summary Analysis
From 2018 to 2023, JUST RETIREMENT MANAGEMENT SERVICES LIMITED has seen a decrease in the average time taken to pay invoices, with a low of 18 days in 2019 and a high of 42 days in 2022. The percentage of invoices paid within 30 days has remained relatively consistent, with a peak of 85% in 2018 and a low of 70% in 2023. The percentage of invoices paid between 31 and 60 days has fluctuated, with a peak of 19% in 2023 and a low of 8% in 2020. The percentage of invoices paid later than 60 days has remained relatively stable, with a low of 5% in 2018 and a high of 11% in 2023. The worst period for JUST RETIREMENT MANAGEMENT SERVICES LIMITED in terms of invoices paid later than 60 days was in 2023, where 11% of invoices were paid later than 60 days. The shortest standard payment period for the company has been 30 days, which has remained consistent throughout the analysed periods.
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
https://www.justgroupplc.co.uk/contact-us
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
