BETA This is a new service – your feedback will help us to improve it.

INVESTEC PLC

Company number: 03633621

Reporting period:
1 October 2020 to 31 March 2021

---

This information is as reported by the business, and responses are in their own words.

This report was filed on 4 May 2021

and approved by Nishlan Samujh

Payment statistics

Average time taken to pay invoices: 57 days

Invoices paid:

• within 30 days: 55%
• in 31 to 60 days: 21%
• in 61 days or more: 24%

Invoices due but not paid within agreed terms: 14 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Standard payment terms are 30 days, unless mutually agreed supplier contracts dictate differently. This entity has very few invoice payments so numbers can be skewed by process issues /very low volumes

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

N/A

Dispute resolution process

If at any time any question, dispute or difference arises between Investec and a vendor, such question, dispute or difference should be raised by the vendor to their Investec contact managing the relationship, Any escalations should be raised to the Accounts Payable department whose contact details are available upon request.

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