ARTEMIS INVESTMENT MANAGEMENT LLP
Company number: OC354068
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
23 July 2021
Approved by:
Jonathan Loukes
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 17%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 34%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Payment terms are generally agreed with suppliers ahead of any services being provided. These terms will be included in the terms of engagement or contract entered into with the supplier. It is our policy that upon receipt of an accurate invoice all suppliers will be paid in accordance with the agreed terms and generally within 30 days of receipt. We endeavour to contact suppliers promptly where an invoice is being queried. No changes have been made to this policy during the period under review. Should it change, all suppliers would be notified in a timely manner ahead of the change taking effect. Suppliers should address invoices that include bank details and VAT number (where applicable), to: Finance Department Artemis Investment Management LLP Exchange Plaza 50 Lothian Road Edinburgh EH3 9BY Invoices for payment can be sent to finance@artemisfunds.com.
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
Any complaints regarding the late or non-payment of invoices should initially be raised with Artemis’ Finance team by e-mailing finance@artemisfunds.com or calling 0131 225 7300. Thereafter, a supplier may escalate their complaint by calling the Financial Controller on 0131 225 7300 or speaking to the Artemis member of staff responsible for managing the agreement.
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