THREADNEEDLE INVESTMENT SERVICES LIMITED
Company number: 03701768
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
28 January 2025
Approved by:
James Perrin
Payment statistics
Average time taken to pay invoices: 16 days
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 9%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 12%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The company aims to settle correctly stated, undisputed supplier invoices in accordance with the terms specified on the invoice or in an underlying legal contract. Where there are no explicitly stated payment terms, the company’s policy is to settle correctly stated, undisputed invoices within 30 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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
To the extent a supplier’s contract includes terms on dispute resolution, the company seeks to follow the agreed process set out in those terms. In the absence of such terms, the company aims to resolve disputes with suppliers fairly and on a timely basis. Typically, disputes are resolved through discussion by the relevant business or procurement manager with the third-party supplier contact. Where a dispute remains unresolved after some time, the matter will be escalated to senior management to attempt to expedite a resolution.
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