ASHMORE GROUP PLC
Company number: 03675683
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
21 December 2018
Approved by:
Thomas Hyde
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 3%
Late and disputed:
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
45 days
Standard payment terms
The aim is to make payments in the week following receipt of the invoice. This means that invoices are usually paid within 15 days.
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
45 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If there is a dispute with a supplier, the relevant cost centre manager will consider the matter with the supplier to solve the dispute as soon as possible. If this is not resolved, it will be escalated to the Group Head of Finance and/or Group Head of Legal. The overall aim is to resolve disputes as soon as possible.
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.
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