VANGUARD ASSET MANAGEMENT, LTD.
Company number: 07243412
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
2 August 2022
Approved by:
Sean Hagerty
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 17%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 25%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The company’s standard contractual payment
terms for all qualifying contracts during this
period were payments within 60 days after
invoice receipt date. Other payment terms may
apply after negotiation. The agreed payment
terms are subsequently reflected in our
contractual documentation and accounting
system
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
60 days
NA
Any other information about payment terms
NA
Dispute resolution process
All invoices and invoice inquiries should be sent
to APInquiries@vanguard.com; invoices should
be submitted in PDF format. The supplier and
company shall use all reasonable endeavors to
discuss and resolve any payment dispute. If the
parties cannot resolve the dispute within 10
days, the dispute shall be elevated to
management
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.
No, this business has not signed up to a code of conduct or standards on payment practices.
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