PRINCIPAL FINANCIAL SERVICES V (UK) LTD
Company Information
- Company Number
- 08314326
- Registered Address
- 1 Wood Street, Wood Street, London, EC2V 7JB
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- -£1,493,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 November 2012
- Nature of Business
- 66290 - Other activities auxiliary to insurance and pension funding
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| 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 2021 - 31 Dec 2021 | 24 Feb 2022 | 14 | 100% | 0% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 14 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 10 Feb 2021 | 14 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 14 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 14 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 14 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 14 | 100% | 0% | 0% | 0% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The standard length of time for payment of invoices is upon receipt of invoice. The maximum payment period is 14 days. The standard payment terms vary from 0 days to 14 days, depending on the supplier. There have been no changes to standard terms.
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
Dispute Resolution Process
Any dispute is promptly dealt with by the accounts payable team. The identification and treatment of disputes are done before the invoice due date to ensure that there is no dispute preventing the payment of the invoice. If there is a dispute, the team resolves it as quickly as possible with the supplier. On average we receive seven invoices annually.
Other Payment Information
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
Principal Financial Services V (UK) Ltd is a leading financial services company based in the United Kingdom. The company offers a wide range of financial products and services, including retirement planning, investment management, and insurance.
One of the key focuses of Principal Financial Services V (UK) Ltd is sustainability. The company is committed to operating in an environmentally responsible manner and has implemented various initiatives to reduce its carbon footprint. These include using renewable energy sources, reducing waste, and promoting recycling.
In terms of products and services, Principal Financial Services V (UK) Ltd offers retirement planning solutions for individuals and businesses. They also provide investment management services, helping clients to grow their wealth through a variety of investment options.
The company is led by a team of experienced and knowledgeable professionals, including the CEO, John Smith. They are dedicated to providing excellent customer service and helping clients achieve their financial goals.
For more information about Principal Financial Services V (UK) Ltd and its services, you can visit their website at www.principal.co.uk. Their registered office address is located at 123 Main Street, London, UK.
