LIONTRUST ASSET MANAGEMENT PLC
Company number: 02954692
Reporting period:
1 April 2018
to 30 September 2018
This report was filed on 31 October 2018
and approved by Vinay Abrol
Payment statistics
Average time taken to pay invoices: 11 days
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 10%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Standard payment terms are 30 days for qualifying services
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
Payment terms referred to are only for qualifying contracts. As a financial services company, for non-qualifying contracts there are a number of different terms that operate.
Dispute resolution process
There is no formal dispute resolution process. We would aim to resolve any disputes and complaints in an amicable manner. In extreme circumstances we would take appropriate legal advice.
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.
Yes
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