The data for Phoenix Life Holdings Limited shows a consistent trend of paying invoices within 30 days, with no invoices being paid later than 60 days. The average time to pay has fluctuated between 23 to 38 days, with the highest average time to pay being in 2019. In terms of payment terms, the company has consistently maintained a payment period of 30 days.
The volatility of the data for Phoenix Life Holdings Limited is relatively low, with no major changes or fluctuations in the average time to pay or payment terms. The only change that is notable is the decrease in the percentage of invoices paid within 30 days in 2019, which could suggest a temporary delay in payments during that period.
Looking at the data for the past three periods, Phoenix Life Holdings Limited has consistently paid invoices within 30 days and has maintained a payment period of 30 days. However, there was a slight decrease in the percentage of invoices paid within 30 days in 2019, with a corresponding increase in the percentage of invoices paid between 31 and 60 days. This could suggest a temporary delay in payments during that period.
| 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 2019 - 31 Dec 2019 | 29 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 38 | 50% | 25% | 25% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 23 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 25 | 100% | 0% | 0% | 0% |
Phoenix Life Holdings Limited is a UK-registered holding company within the Phoenix Life corporate group, which operates under the Phoenix Life brand. The group provides life insurance, pensions and retirement products, having brought together policies from a number of legacy life companies over the years. It is now part of Standard Life plc, sharing an aim to help customers plan for retirement. Services include managing existing policies, retirement planning tools, guidance on pensions, savings, investments, and bereavement support. The holding entity itself does not trade directly with customers but sits within the wider group structure that delivers these financial products and services to policyholders across the UK.
Generated from the company's website and Companies House records. Sources: phoenixlife.co.uk · phoenixlife.co.uk