Published reports

ASHMORE GROUP PLC

Company number: 03675683

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

Reporting period:

1 January 2022 to 30 June 2022

Report filed on:

29 July 2022

Approved by:

Andrew Noble

Payment statistics

Average time taken to pay invoices: 17 days

Invoices paid:

within 30 days: 86%
in 31 to 60 days: 12%
in 61 days or more: 2%

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 20 days, allowing time for queries.

Were there any changes to the standard payment terms in the reporting period?

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 review 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 quickly 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.

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?