PRUDENTIAL HOLDINGS LIMITED
Company Information
- Company Number
- SC210546
- Registered Address
- 4th Floor, Saltire Court, 20 Castle Terrace, Edinburgh, Scotland, EH1 2EN
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 0.0
- EBITDA
- 0.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 1 September 2000
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- 0
- Region
- East of Scotland
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 40 | 56% | 25% | 19% | 31% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 40 | 51% | 30% | 19% | 33% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 41 | 53% | 30% | 17% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 41 | 48% | 34% | 18% | 45% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 44 | 55% | 21% | 24% | 34% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 43 | 61% | 18% | 21% | 16% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 40 | 62% | 20% | 18% | 38% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 46 | 39% | 30% | 31% | 54% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 60 | 35% | 34% | 31% | 47% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 60 | 54% | 16% | 30% | 44% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 27 | 74% | 17% | 9% | 23% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 37 | 52% | 34% | 14% | 40% |
Company Summary
PRUDENTIAL HOLDINGS LIMITED is a UK-based multinational insurance and financial services company
Founded in 1848, it has grown to become a leading provider of insurance, savings, and investment products to over 26 million customers worldwide
The company's sustainability program focuses on reducing its environmental impact, promoting diversity and inclusion, and supporting communities through various initiatives
It has committed to becoming a net-zero carbon emissions company by 2050 and has set targets to reduce its carbon footprint and increase its use of renewable energy
PRUDENTIAL's products and services include life insurance, retirement planning, savings and investment plans, and asset management
Its flagship product, the PruFund, offers customers a range of investment options to suit their risk appetite and financial goals
The company also offers health and protection insurance, helping individuals and businesses protect against unexpected events
Key people at PRUDENTIAL include the Chairman, Paul Manduca, and the Group Chief Executive, Mike Wells
They are supported by a strong leadership team with extensive experience in the insurance and financial services industry
For more information on PRUDENTIAL's products and services, customers can visit their website at www.prudential.co.uk
The registered office address is at 1 Angel Court, London, EC2R 7AG, United Kingdom
Overall, PRUDENTIAL HOLDINGS LIMITED is a reputable and sustainable company that continues to provide innovative solutions to its customers while also making a positive impact on society and the environment
Company Review
Trend Analysis
The data shows that PRUDENTIAL HOLDINGS LIMITED has been consistently paying invoices later than 60 days, with only a slight improvement in the most recent period. The average time to pay has also fluctuated, but overall has not shown a significant improvement. The percentage of invoices paid within 30 days has remained relatively consistent, with a slight decrease in the most recent period. The percentage of invoices paid between 31 and 60 days has fluctuated, but has also shown a slight decrease in the most recent period. The percentage of invoices not paid within agreed terms has also remained relatively consistent, with a slight decrease in the most recent period.
Volatility Analysis
The data shows that there is some volatility in the average time to pay, as well as the percentages of invoices paid within 30 days and between 31 and 60 days. However, the volatility is not significant and overall the company has not shown any major changes in these areas. The percentage of invoices paid later than 60 days has also shown some volatility, but has remained consistently high throughout the periods analysed.
Summary Analysis
From the data analysed for the past three periods, the average time to pay for PRUDENTIAL HOLDINGS LIMITED has fluctuated, with a slight improvement in the most recent period. However, the company continues to pay invoices later than 60 days, with the highest percentage being in the period of 2019-07-01 to 2019-12-31. The company has also consistently paid a high percentage of invoices within 30 days, with a slight decrease in the most recent period. The percentage of invoices paid between 31 and 60 days has also shown a slight decrease in the most recent period, while the percentage of invoices not paid within agreed terms has remained relatively consistent.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Prudential Holdings Limited shall pay an invoice within 45 days of receipt of invoice unless otherwise provided in the “Schedule of Pricing and Payment” or the applicable “Statement of Work” stipulated in the Prudential Holdings Limited standard contract terms and conditions.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Prudential Holdings Limited is an intermediate holding company within the Prudential plc group of companies. The standard payment terms apply to invoices from other companies within the Prudential plc group, which represents a significant proportion of the qualifying contracts of Prudential Holdings Limited, as well as those from external suppliers.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Schedule of Governance Structure stipulated in the Prudential Holdings Limited standard contract terms and conditions provides that in the event of a dispute, an authorised officer of Supplier or Prudential Holdings Limited may escalate such dispute for resolution between the parties. The authorised officer shall submit a written request to the Service Review Group (with a copy provided to an authorised officer of the other party) giving reasonably sufficient details of the dispute and providing a full description of any remediation efforts or activities that each party has taken to remedy or resolve the Dispute. Such request shall also contain sufficient details for the other party to assess the dispute and whether sufficient action has been taken by it to remedy or rectify such dispute.
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.
❌
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
