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HARGREAVES LANSDOWN FUND MANAGERS LTD.

Company number: 02707155

Reporting period:
1 July 2023 to 31 December 2023

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

This report was filed on 30 January 2024

and approved by Amy Stirling

Payment statistics

Average time taken to pay invoices: 34 days

Invoices paid:

• within 30 days: 54%
• in 31 to 60 days: 37%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 46 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Where we enter into standard terms with suppliers HL would usually include payment terms requiring payment within 30 days of receipt of a valid invoice. Upon receipt of a valid invoice, those 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

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 this reporting period is 30 days.

Any other information about payment terms

Invoices paid from Small Businesses within 30 days: 100.0%

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Yes – 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