The data for PEARL GROUP HOLDINGS (NO. 2) LIMITED shows a consistent trend of paying invoices within agreed terms, with a slight increase in the percentage of invoices paid within 30 days in the second period (from July 2019 to December 2019). There is also a consistent trend of paying invoices within an average time of 19 days.
The data for PEARL GROUP HOLDINGS (NO. 2) LIMITED shows low volatility in terms of the percentage of invoices paid within 30 days, with a consistent percentage of 50% in both periods. However, there is a slight increase in volatility in the percentage of invoices paid between 31 and 60 days, with a decrease from 50% to 0% in the second period. This could indicate that the company is prioritizing paying invoices within 30 days over paying them within 31-60 days.
From January 2019 to June 2023, PEARL GROUP HOLDINGS (NO. 2) LIMITED consistently paid invoices within an average time of 19 days. The percentage of invoices paid within 30 days remained at 50% in both periods, with a decrease in the percentage of invoices paid between 31 and 60 days in the second period. The percentage of invoices paid later than 60 days was 0% in both periods, indicating that the company is not facing any major issues with late payments.
| 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 | 05 Feb 2024 | |||||
| 01 Jan 2023 - 26 Jul 2023 | 27 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 25 Feb 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 19 | 50% | 50% | 0% | 50% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The business' standard payment terms are for all undisputed invoices to be paid within 30 days of receipt. The maximum contractual payment period is 30 days from the receipt of an invoice and there have been no changes to the business' standard payment terms in the reporting period. We will agree to shorter terms if the contractual negotiations require it.
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
30
Phoenix has a dispute resolution process for staff to follow should a query or dispute of an invoice arise, which is published on the intranet. The dispute resolution process is supplemented from a supplier facing perspective with the relevant contractual provisions for invoice query, escalation and dispute processes.
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
PEARL GROUP HOLDINGS (NO. 2) LIMITED is a financial and investment company based in the United Kingdom. The company offers a range of services including asset management, pension solutions, and insurance products.
The company has a strong focus on sustainability and is committed to reducing its environmental impact. PEARL GROUP HOLDINGS (NO. 2) LIMITED has implemented several initiatives such as energy-efficient buildings, waste reduction, and the use of renewable energy sources.
The company's products and services are designed to meet the needs of its clients and provide them with financial security. These include investment opportunities, retirement planning, and insurance plans.
The key people at PEARL GROUP HOLDINGS (NO. 2) LIMITED include the CEO, CFO, and a team of experienced financial advisors. They are dedicated to providing the best financial solutions for their clients.
For more information, interested individuals can visit the company's website at www.pearlgroup.co.uk or contact them at their registered office address at 41 Cornhill, London, EC3V 3ND. PEARL GROUP HOLDINGS (NO. 2) LIMITED is committed to providing excellent customer service and strives to uphold its reputation as a leading financial company in the UK.