SOMERSET CAPITAL MANAGEMENT LLP
Company Information
- Company Number
- OC327862
- Registered Address
- 10 Bolt Court, 3rd Floor, London, EC4A 3DQ
- Status
- Active
- Employee Count
- 0
- Turnover
- £16,586,000
- EBITDA
- £4,358,000
Additional Details
- Website
- https://somersetcm.com/
- Company Type
- Limited liability partnership
- Incorporated On
- 26 April 2007
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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% |
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
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Disputes are resolved by negotiation between accounts payable and the relevant parties. Disputes should be resolved to adhere to the payment terms, where possible.
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.
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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
Company Summary
SOMERSET CAPITAL MANAGEMENT LLP is a leading investment management firm based in London, United Kingdom. Established in 2007, the company offers a range of investment products and services to its clients, including institutional investors, corporations, and high-net-worth individuals.
One of the key focuses of SOMERSET CAPITAL MANAGEMENT LLP is sustainability. The company has a dedicated sustainability program that aims to incorporate environmental, social, and governance (ESG) principles into its investment decisions. This program includes thorough ESG research and analysis, as well as active engagement with companies to encourage sustainable practices.
The company offers a variety of investment products, including equities, fixed income, and multi-asset strategies. These products are managed by a team of experienced professionals, headed by the CEO, Dominic Johnson, and the Chairman, Peter Rigg.
SOMERSET CAPITAL MANAGEMENT LLP's registered office is located at 2nd Floor, 8 Savile Row, London, W1S 3PE. The company can be contacted by phone at +44 (0)20 7845 2222 or via email at info@somersetcm.com. More information about their services and sustainability program can be found on their website at www.somersetcm.com.
