GOV.UK
PHARO MANAGEMENT (UK) LLP
Company number: OC308276
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 27 January 2021
and approved by Scott Ferraro
Payment statistics
Average time taken to pay invoices: 12 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 5%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 7 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
30 days
Standard payment terms
The business does not impose standard payment terms on suppliers for qualifying contracts. The most commonly used payment terms with external suppliers are that invoices will be paid within 30 days, subject to presentation of invoice, and will be paid without deduction of bank charges. Payments may be subject to withholding if required under the relevant tax legislation.
The business also has inter-company transactions with another group company who provides management services to the business. These payments are due on the day that they are requested by the group company.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
Of those payments made under qualifying contracts in the period, 13% were inter-company transactions falling due on the date requested.
Dispute resolution process
Any complaints or concerns that our suppliers may have will be considered by the Finance Team. The suppliers should contact their usual billing contacts and the business will endeavour to respond promptly.
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