Industry ranking
| 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 | 12 Jan 2024 | 34 | 68% | 21% | 11% | 35% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 33 | 61% | 28% | 11% | 44% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 33 | 65% | 22% | 13% | 41% |
| 01 Jan 2022 - 30 Jun 2022 | 18 Jul 2022 | 35 | 74% | 18% | 9% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 19 Jan 2022 | 27 | 80% | 10% | 10% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 33 | 90% | 8% | 3% | 29% |
| 01 Jul 2020 - 31 Dec 2020 | 19 Jan 2021 | 26 | 86% | 9% | 5% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 40 | 73% | 22% | 5% | 51% |
| 01 Jun 2019 - 31 Dec 2019 | 17 Aug 2020 | 46 | 61% | 23% | 16% | 48% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Aug 2020 | 44 | 49% | 33% | 18% | 51% |
| 30 Jun 2018 - 31 Dec 2018 | 17 Aug 2020 | 43 | 58% | 26% | 16% | 42% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Aug 2020 | 49 | 52% | 27% | 21% | 48% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Santander Asset Management UK Limited has one Payment policy and associated procedures. Santander Asset Management UK Limited payment terms are 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
30
If a supplier has a dispute regarding payment, there is an established escalation and investigation process in place through the Head of Finance.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Santander Asset Management UK Limited is a UK-registered fund management company, incorporated in 1987 and based in Glasgow, operating under SIC code 66300 for fund management activities. It forms part of the wider Santander Asset Management group, a global investment manager operating across nine countries with a presence in the UK, Europe and the Americas serving retail clients, institutional investors and Santander Group subsidiaries. The UK entity provides investment fund solutions to individual and professional investors, including risk-targeted fund ranges such as MyWealth, alongside fund pricing, performance and documentation through its fund centre for UK-based retail and intermediary clients.
Generated from the company's website and Companies House records. Sources: santanderassetmanagement.co.uk