The data shows an improving trend for ABERDEEN STANDARD ALTERNATIVE FUNDS LIMITED in terms of time taken to pay invoices. In the first three periods (2018-2019), there is no data available for the company's average time to pay. However, in the fourth period (2019-2020), the company's average time to pay is recorded as 18 days. This indicates a significant improvement in the company's efficiency in paying invoices. Furthermore, the company has consistently paid 100% of its invoices within 30 days, showing a commitment to timely payments.
The data shows a stable trend for ABERDEEN STANDARD ALTERNATIVE FUNDS LIMITED in terms of time taken to pay invoices. The company has consistently paid all of its invoices within 30 days, indicating a stable payment process. The company also had 0% of invoices paid later than 60 days, showing a stable payment schedule.
From the available data, it can be seen that ABERDEEN STANDARD ALTERNATIVE FUNDS LIMITED has consistently improved its efficiency in paying invoices. The company has a perfect record of paying invoices within 30 days, and in the most recent period (2019-2020), the average time to pay is recorded as 18 days. This indicates a significant improvement in the company's payment processes. However, it should be noted that there is no data available for the first three periods, so it is difficult to make a definitive conclusion about the company's overall performance.
| 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 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 18 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 09 Oct 2019 | |||||
| 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
60 days from receipt of a valid 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
60
Contract terms are subject to negotiation but our standard dispute terms are : Contract Dispute terms: Any dispute relating to the interpretation of, arising out of, relating to or in connection with this Agreement will within fourteen (14) days of being raised by either party, be escalated for resolution to a member of the Customer’s senior management and a director of the Supplier (or such alternative representatives as are nominated in the Statement of Work). Where any dispute is not resolved within thirty (30) days of any such escalation, either party shall then be entitled to resort to formal legal proceedings. Nothing in this clause 23 shall prevent the Customer or any Customer Affiliate from seeking injunctive or similar relief or commencing court proceedings at any time. Back of Purchase Order terms issued to suppliers : 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 iod Standard Life’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
Standard Life Investments (Corporate Funds) Limited is a Scottish-registered company based in Edinburgh, incorporated in 1988. Companies House classifies its activity under financial intermediation not elsewhere classified, and its name indicates involvement in the administration or structuring of corporate investment funds. No further detail on trading activity, ownership structure or products is available from the limited evidence held. It remains an active company on the register. Without additional first-party or verified web evidence, specific services offered, client base and current operational scope cannot be confirmed beyond its classification as a financial intermediary linked to the wider Standard Life group naming convention.
Generated from the company's website and Companies House records.