| 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 2019 - 30 Jun 2019 | 22 Jul 2019 | 32 | 50% | 50% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 61 | 0% | 0% | 100% | 100% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 33 | 33% | 67% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our most frequently used payment terms for qualifying contracts require payment within 30 business days
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
60
If there is a dispute relating to an invoice or a payment, we will work with the supplier to resolve the issue in a fair and timely manner. Disputes are resolved by discussion and agreement and are typically handled by the member of staff that holds the relationship with the supplier, in conjunction with the Procurement/Legal function (as required), and resolved in accordance with the terms of the contract. Invoices that are subject to dispute will not be paid until resolution. Once resolved, payment will be made in accordance with the terms of the contract.
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
This is a registered holding company incorporated in November 2012, forming part of the corporate structure of BNY (formerly BNY Mellon), a global financial services group headquartered at Queen Victoria Street, London. Its SIC classification identifies it as a holding entity rather than an operating business, sitting within BNY's investment management division for Europe. The wider BNY group provides custody, asset servicing, execution, liquidity, wealth management and investment management services worldwide, overseeing trillions in assets under custody and management. This particular entity itself does not trade directly with customers but exists to hold interests in other companies within BNY's European investment management operations, supporting the group's broader financial services activities across the region.
Generated from the company's website and Companies House records. Sources: bnymellon.com