The trend for IGNIS INVESTMENT SERVICES LIMITED's average time to pay invoices has been fluctuating, with a significant increase in the second half of 2019 and a decrease in the first half of 2020. However, it has since increased again in the second half of 2020 and the first half of 2021.
There have been significant changes in IGNIS INVESTMENT SERVICES LIMITED's invoice payment patterns over the past three periods. In the first half of 2019, all invoices were paid within 30 days, but by the second half of 2019, 57% of invoices were paid later than 60 days. This improved in the first half of 2020, with 42% of invoices paid within 30 days, but worsened again in the second half of 2020 with 58% of invoices paid later than 60 days. The trend continued in the first half of 2021, with 64% of invoices paid later than 60 days.
| 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 | 27 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 05 Dec 2023 | |||||
| 01 Jul 2022 - 30 Dec 2022 | 05 Dec 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 31 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 112 | 18% | 18% | 64% | 82% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 52 | 42% | 0% | 58% | 58% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 147 | 40% | 3% | 57% | 57% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 5 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days
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 Any dispute relating to the interpretation of, arising out of, relating to or in connection with the Agreement will be referred in the first instance to a member of abrdn’s senior management and a director of the Supplier for resolution.
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
IGNIS INVESTMENT SERVICES LIMITED is a financial services company based in the United Kingdom. The company offers a range of sustainable investment products and services to its clients.
One of the key activities of IGNIS INVESTMENT SERVICES LIMITED is to provide investment management services to individuals, businesses, and institutions. This includes managing portfolios, providing financial advice, and executing investment strategies.
In line with their commitment to sustainability, IGNIS INVESTMENT SERVICES LIMITED offers a range of sustainable investment options such as ethical funds, green bonds, and socially responsible investments. These options allow clients to invest in companies and projects that have a positive impact on the environment and society.
The company also has a strong focus on corporate social responsibility and has implemented various initiatives to reduce their environmental footprint and support the communities in which they operate. This includes using renewable energy sources, reducing waste, and supporting charitable organizations.
The key people at IGNIS INVESTMENT SERVICES LIMITED include the CEO, who oversees the overall operations of the company, and the investment managers who are responsible for managing client portfolios.
For those interested in utilizing the services of IGNIS INVESTMENT SERVICES LIMITED, their website (www.ignisinvestments.co.uk) provides detailed information on their products and services, as well as a contact form for inquiries. The registered office address of the company is located at 1 George Street, Edinburgh, EH2 2LL, United Kingdom.
In summary, IGNIS INVESTMENT SERVICES LIMITED is a leading financial services company in the UK that offers sustainable investment options and is committed to corporate social responsibility. With a team of experienced professionals and a strong focus on sustainability, the company is well-positioned to meet the diverse investment needs of its clients.
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