| 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 | 29 Jan 2024 | 27 | 76% | 12% | 12% | 24% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 30 | 72% | 16% | 10% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 15 Jul 2022 | 30 | 80% | 15% | 5% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 39 | 71% | 18% | 11% | 29% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 35 | 64% | 27% | 9% | 36% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 27 | 80% | 14% | 6% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 27 | 79% | 13% | 8% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 13 | 84% | 11% | 5% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 30 | 84% | 9% | 7% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Feb 2019 | 13 | 95% | 4% | 1% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 28 Feb 2019 | 19 | 89% | 10% | 1% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 Business days from receipt of invoice
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
Issues regarding late or non-payment of invoices should initially be raised with the Genesis Accounts Payable Team (contact: accountspayable@giml.co.uk or 020 7201 7200) and they will endeavour to resolve the matter on a timely basis. If they unable to resolve the matter, please contact the Genesis staff member responsible for procuring the product or service.
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
Genesis Investment Management, LLP is a London-based investment management firm registered as a limited liability partnership. It focuses on generating long-term investment performance in emerging market equities for institutional clients. The firm provides investment services, including account management and reporting, to clients who engage it for asset management purposes. Its own materials describe it as aiming to deliver strong long-term returns within emerging market equity strategies, and it operates under UK data protection rules in handling client information related to these investment services.
Generated from the company's website and Companies House records. Sources: giml.co.uk · giml.co.uk