| 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 2025 - 30 Jun 2025 | 30 Jul 2025 | 50 | 66% | 20% | 14% | 34% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 40 | 45% | 43% | 12% | 54% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 40 | 45% | 41% | 14% | 55% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 49 | 51% | 33% | 16% | 48% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 46 | 50% | 38% | 12% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company’s standard contractual payment terms for all qualifying contracts are payments within 30 days after the date of invoice. Other payment terms may apply. Agreed payment terms are reflected in our contractual documentation and accounting system.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payments only fall due in our accounting system once terms are exceeded. The overdue statistics include a large proportion of invoices that were settled within a few working days of the due date.
Maximum contractual payment period agreed
45
Payment processing is managed by the Accounts Payable function and any supplier queries are actioned by that team. In the event they are unable to resolve the matter, the query will be discussed between the supplier and relevant colleague to ensure satisfactory resolution for both the supplier and the Company.
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
TOWERS WATSON INVESTMENT MANAGEMENT LIMITED is an active private limited company, incorporated on 11 August 2005, based in the South East region. Registered business activity: Activities of other holding companies not elsewhere classified; Activities of unit trusts.
From Companies House records.