The trend for ABRDN CAPITAL LIMITED shows a decrease in the average time to pay invoices, with the shortest standard payment period remaining consistent at 60 days. There is also 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. The percentage of invoices paid later than 60 days and not paid within agreed terms remain at 0%.
The volatility for ABRDN CAPITAL LIMITED is relatively low, with consistent percentages for invoices paid within 30 days and not paid within agreed terms. There is some volatility in the percentage of invoices paid between 31 and 60 days, with a decrease from 50% to 20% in the most recent period. The percentage of invoices paid later than 60 days has remained at 0%.
Looking at the data for ABRDN CAPITAL LIMITED, there has been a significant improvement in the company's payment practices. In the most recent period, the average time to pay invoices has decreased to 16 days, with 80% of invoices being paid within 30 days. This is a substantial increase from the previous period, where only 50% of invoices were paid within 30 days. The percentage of invoices paid between 31 and 60 days has also decreased from 50% to 20%, indicating a more timely payment process. The shortest standard payment period remains at 60 days, suggesting consistency in the company's payment terms.
| 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 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 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 16 | 80% | 20% | 0% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 22 | 50% | 50% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 4 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 31 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
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 are addressed through discussion between the business contact who has purchased the goods and services and the supplier, with support being provided to the supplier through the accounts payable function who are contactable through email and by phone.
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
Aberdeen Standard Capital Limited is a Scottish-registered company whose associated website now presents it under the LGT name, LGT being a global private bank and asset manager owned by the Princely Family of Liechtenstein. The wider LGT group provides private banking, wealth management and investment solutions to wealthy clients, with operations across Europe, the Middle East and Asia Pacific. As part of this group, the registered entity's own business, consistent with its stated activity of security and commodity contracts dealing, is Financial Services, sitting within LGT's international private banking and asset management structure rather than being a separate standalone trading operation.
Generated from the company's website and Companies House records. Sources: lgt.com