Industry ranking
Score of 94/100 qualifies for PaymentCheck Certification
The average time to pay for SOMERSET CAPITAL MANAGEMENT LLP has decreased from 16 days in Apr 2019-Sep 2019 to 12 days in Apr 2020-Sep 2020. The percentage of invoices paid within 30 days has also increased from 91% to 95%, while the percentage of invoices paid between 31 and 60 days has decreased from 9% to 4%. There has been no change in the percentage of invoices paid later than 60 days or not paid within agreed terms.
The volatility in the time taken to pay invoices for SOMERSET CAPITAL MANAGEMENT LLP has decreased over the three periods, with a decrease in the average time to pay and a decrease in the percentage of invoices paid between 31 and 60 days. The percentage of invoices paid later than 60 days and not paid within agreed terms have remained stable.
From Apr 2019 to Sep 2020, SOMERSET CAPITAL MANAGEMENT LLP has shown a positive trend in reducing the average time to pay invoices, with an increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid between 31 and 60 days. There has been no significant change in the percentage of invoices paid later than 60 days or not paid within agreed terms. The shortest standard payment period for the company is not available as all invoices have been paid within the agreed terms in all three 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 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 15 | 85% | 15% | 0% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 16 | 91% | 9% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Somerset Capital Management LLP does not have standard payment terms. Terms are either agreed with suppliers on an individual basis as part of contract negotiations or taken as the terms detailed on the invoice supplied. The most common supplier terms are 30 days, 14 days and due immediately.
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
60
Disputes are resolved by negotiation between accounts payable and the relevant parties. Disputes should be resolved to adhere to the payment terms, where possible.
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.
❌
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
Somerset Capital Management LLP is a limited liability partnership registered in England, incorporated in 2007. Companies House records classify its activity within wealth, asset and investment management. The partnership's registered office is administered via an insolvency practitioner in Southampton, and Companies House currently lists its status as being in liquidation, with accounts and a confirmation statement overdue. No further detail on specific investment products, client base or operational activities is available from the supplied evidence. The entity should be understood as a UK-registered investment management partnership rather than a trading operating company with public-facing services.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk