PHOENIX GROUP MANAGEMENT SERVICES LIMITED
Company Information
- Company Number
- 10691596
- Registered Address
- 20 Old Bailey, London, England, EC4M 7AN
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 27 March 2017
- Nature of Business
- 99999 - Dormant Company
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data for Pearl Group Management Services Limited shows an overall improvement in the company's average time to pay invoices over the past three periods. In 2019, the average time to pay was 61 days, which decreased to 28 days in 2020, and then increased slightly to 48 days in 2021. This trend suggests that the company has been making efforts to pay their invoices in a timely manner, but may have faced some challenges in 2021.
Volatility Analysis
The data for Pearl Group Management Services Limited shows a significant fluctuation in the percentage of invoices paid within 30 days over the past three periods. In 2019, only 43% of invoices were paid within 30 days, which increased to 89% in 2020, and then decreased to 45% in 2021. This level of volatility suggests that the company may not have a consistent payment process in place and may need to improve their payment management strategies.
Summary Analysis
From the data provided, it is clear that Pearl Group Management Services Limited has made significant improvements in their payment practices over the past three periods. In 2019, only 29% of invoices were paid within 60 days, but this decreased to 11% in 2020. The company also saw a decrease in the percentage of invoices not paid within agreed terms, from 57% in 2019 to 11% in 2020. However, there was a slight increase in 2021, with 11% of invoices still being paid later than 60 days. This suggests that while the company has made improvements, they may need to continue focusing on timely payments in the future.
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 2023 - 31 Dec 2023 | 06 Feb 2024 | |||||
| 01 Jan 2023 - 26 Jul 2023 | 27 Jul 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 | 48 | 45% | 44% | 11% | 55% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 28 | 89% | 11% | 0% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | 61 | 43% | 29% | 28% | 57% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
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 business' standard payment terms are for all undisputed invoices to be paid within 30 days of receipt. The maximum contractual payment period is 30 days from the receipt of an invoice and there have been no changes to the business' standard payment terms in the reporting period. Sunlife pay in line with variable contracted terms, in the vast majority of cases this is 30 days from the date of invoice but there are differing terms in place with different suppliers. We will agree to shorter terms if the contractual negotiations require it.
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
Phoenix has a dispute resolution process for staff to follow should a query or dispute of an invoice arise, which is published on the intranet. The dispute resolution process is supplemented from a supplier facing perspective with the relevant contractual provisions for invoice query, escalation and dispute processes.
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.
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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.
❌
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
PEARL GROUP MANAGEMENT SERVICES LIMITED is a management and consulting company based in the United Kingdom. The company offers a wide range of services including financial management, project management, and business development.
In terms of sustainability, PEARL GROUP MANAGEMENT SERVICES LIMITED has implemented various initiatives to reduce its environmental impact. This includes using renewable energy sources, promoting recycling and waste reduction, and promoting sustainable business practices to its clients.
The company also offers a variety of products and services to its clients, including financial planning, marketing strategies, and human resource management. These services are tailored to meet the specific needs of each client and help them achieve their business goals efficiently.
The key people at PEARL GROUP MANAGEMENT SERVICES LIMITED include its managing director, who has extensive experience in the business and finance industry, and a team of skilled professionals who bring a diverse range of expertise to the company.
For further information, interested individuals can visit the company's website at www.pearlgroup.co.uk. The registered office address for PEARL GROUP MANAGEMENT SERVICES LIMITED is 14 Kingsway, London, WC2B 6XF, United Kingdom.
