HARGREAVES LANSDOWN ASSET MANAGEMENT LIMITED
Company number: 01896481
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
31 January 2019
Approved by:
Philip Johnson
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 6%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 8%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Where we enter into standard terms with suppliers these usually include payment terms requiring payment within 30 days of receipt of a valid invoice. Upon receipt, valid invoices are included in a fortnightly payment run as they fall due.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
Under our standard terms the maximum payment period would be 30 days from the receipt of a valid invoice. Payment terms may be longer if we have entered into third parties’ terms which include a longer payment period, but the maximum in our supplier terms is 30 days
Any other information about payment terms
No further comment provided
Dispute resolution process
Any complaints should be submitted to the Hargreaves Lansdown member of staff managing the contract. If required they may escalate the dispute to their Manager or the relevant Director. If there is any further dispute, this would be escalated and referred to the Legal team
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: the Prompt Payment Code
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No