AON INVESTMENTS LIMITED

Standard payment terms

Standard payment term is 90 days from invoice date for external suppliers. This period reflects the normal course of dealing, unless the company enters into formal written terms with suppliers from group companies which as explained below do not have standard payment terms.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

All payments for this company are inter-company payments only which are managed through our internal inter-company settlement process and therefore there is no process to report against. Internal inter-company settlements would not in any way affect the speed of paying external suppliers should the company have any but at the time of submitting this report the company had no external supplier agreements in place. The data supplied above and below relates solely to inter-company payments.

Maximum contractual payment period agreed

45

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