The data for Phoenix Group Holdings PLC shows a consistent trend of paying invoices within agreed terms, with a slight improvement in the percentage of invoices paid within 30 days over the last three periods.
The volatility of the data is relatively low, with small changes in the average time to pay and the percentage of invoices paid within 30 days. The largest change is seen in the percentage of invoices paid later than 60 days, with a decrease of 1.5% in the second period.
From Jul 2022 to Dec 2023, Phoenix Group Holdings PLC has consistently paid invoices within agreed terms, with an average time to pay of 0 days. The percentage of invoices paid within 30 days has increased from 0% to 0.5% over the three periods, while the percentage of invoices paid later than 60 days has decreased from 0.5% to 0%. The company does not have a standard payment period, as indicated by the "Shortest (or only) standard payment period" column being blank for all periods.
| 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 | 28 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 |
Phoenix Group Holdings plc is a financial services holding company registered in England, incorporated in 2018. Its website presents the wider group as trading under the Standard Life plc name, described as a retirement specialist focused entirely on retirement savings and income. The group operates several brands including Standard Life, SunLife, Phoenix Life, ReAssure and Phoenix Wealth, covering retirement, investment, protection and estate planning products. According to its own site, the group manages around £300 billion of assets on behalf of approximately 12 million customers. As a holding entity, Phoenix Group Holdings plc itself sits atop this insurance and retirement savings group rather than directly serving customers.
Generated from the company's website and Companies House records. Sources: thephoenixgroup.com · thephoenixgroup.com