From Jan 2018 to June 2018, WINTON FUND MANAGEMENT LIMITED has shown a consistent trend of paying invoices within 30 days with an average time of 20 days. However, there has been a slight increase in the percentage of invoices paid between 31-60 days from 31% to 37% in the last period. There has been no change in the percentage of late payments which remains at 0%.
There has been a slight fluctuation in the percentage of invoices paid within 30 days, with a high of 69% in the first period and a low of 63% in the last period. The percentage of invoices paid between 31-60 days has shown a more significant volatility, with a high of 37% in the last period and a low of 31% in the first period. However, the percentage of invoices paid later than 60 days has remained stable at 0% throughout all periods.
Overall, WINTON FUND MANAGEMENT LIMITED has maintained a consistent trend of paying invoices within 30 days with an average time of 20 days. However, there has been a slight increase in the percentage of invoices paid between 31-60 days in the last period. The company has not had any late payments in all periods, and the shortest (or only) standard payment period remains at 7 days.
| 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 2018 - 30 Jun 2018 | 31 Jul 2018 | 20 | 69% | 31% | 0% | 31% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most frequently used payment terms for qualifying contracts is Net 30 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
30
The responsibility of dispute resolution lies with the manager overseeing each relationship with a vendor. They will ensure any disputes are resolved in a timely manner and be aware of issues or constraints that may affect Winton’s relationship with the vendor.
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
Winton Fund Management Limited was a registered UK company with the stated business of fund management activities, dissolved after incorporation in 2013. Evidence from the Winton Capital website describes the wider Winton group as a quantitative investment management firm that researches, designs and trades systematic investment strategies, including trend-following and multi-strategy hedge fund programmes, across major liquid asset classes for institutional and individual investors worldwide. This entity appears to have formed part of that group's UK operations rather than being the group's main trading name. No further detail on this specific company's own activities, beyond its registered fund management classification, is available in the evidence supplied.
Generated from the company's website and Companies House records. Sources: wintoncapital.com · wintoncapital.com