GOV.UK
BREVAN HOWARD ASSET MANAGEMENT LLP
Company number: OC302636
Reporting period:
1 October 2019
to 31 March 2020
This report was filed on 21 April 2020
and approved by Jonathan Hughes
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 4%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 10 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
As a business we do not have standard payment terms. We endeavour to pay invoices within 30days of receipt so for the purposes of this reporting we have assumed 30 days as our standard payment terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
We have not agreed any exceptions to the standard payment terms and so for the purposes of this reporting the maximum payment terms applied is 30 days.
Any other information about payment terms
As a business we do not have standard payment terms. We endeavour to pay invoices within 30days of receipt so for the purposes of this reporting we have assumed 30 days as our standard payment terms.
Dispute resolution process
In terms of the dispute resolution process when an invoice is received it will be reviewed by the relevant department to which the invoice relates (i.e. legal invoices will be reviewed by legal). If they have any changes to the invoice they will communicate directly with their contact at the relevant firm before passing on to the accounts payable department. In the case where there is a request for payment where we believe the payment has already been made the accounts payable department will communicate directly with their contact at the relevant firm to resolve this. Disputes are dealt with as a matter of urgency and any delays are usually caused by lack of response from the supplier.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
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