EQUITABLE LIFE ASSURANCE SOCIETYTHE
Company Information
- Company Number
- 00037038
- Registered Address
- The Equitable Life Assurance Society, Walton Street, Aylesbury, England, HP21 7QW
- Status
- Active
- Employee Count
- 0
- Turnover
- £400,000
- EBITDA
- £0
Additional Details
- Website
- https://equitable.co.uk
- Company Type
- Private unlimited company without share capital
- Incorporated On
- 18 August 1892
- Nature of Business
- 65110 - Life insurance
- Industries
- Financial Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for EQUITABLE LIFE ASSURANCE SOCIETY,(THE) to pay invoices has remained consistent at 7 days over the past three periods.
Volatility Analysis
The volatility in the time taken for EQUITABLE LIFE ASSURANCE SOCIETY,(THE) to pay invoices has been minimal, with an average of 7 days over the past three periods.
Summary Analysis
Overall, the time taken for EQUITABLE LIFE ASSURANCE SOCIETY,(THE) to pay invoices has remained consistent at 7 days over the past three periods.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 7 | 98% | 1% | 1% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 7 | 99% | 1% | 0% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 7 | 100% | 0% | 0% | 0% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
We pay within the terms agreed with the individual suppliers according to the qualifying contracts.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Any complaint or concern will be dealt with by the Finance Operations Team, who would liaise with the relevant department and supplier to resolve any issues as soon as possible. This is the most likely reason for any invoice ever being paid outside of agreed terms.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
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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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
EQUITABLE LIFE ASSURANCE SOCIETY (THE) is a UK-based mutual life assurance company that has been in operation since 1762. The company offers a range of financial products and services, including life insurance, pensions, and investments.
In terms of sustainability, EQUITABLE LIFE has implemented several initiatives to reduce its environmental impact. This includes using renewable energy sources, reducing paper usage, and promoting recycling and conservation efforts within its offices.
The company also offers sustainable investment options for its customers, allowing them to choose investments that align with their values and support environmentally responsible companies.
The key people at EQUITABLE LIFE include the Chairman, Ian Brimecome, and the Chief Executive, Chris Wiscarson. They lead a team of experienced professionals who are dedicated to providing the best financial solutions for their customers.
The company's website address is www.equitable.co.uk, where customers can find information about their products, services, and sustainability efforts. The registered office address is Equitable House, 2-10 St. Paul's Churchyard, London, EC4M 8AJ.
In summary, EQUITABLE LIFE ASSURANCE SOCIETY is a long-standing mutual life assurance company that offers a range of financial products and services. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact. With experienced leadership and a strong focus on customer satisfaction, EQUITABLE LIFE continues to be a trusted choice for individuals and businesses seeking financial security.
