Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 89.4/100 qualifies for PaymentCheck Certification
| 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 2022 - 30 Jun 2022 | 20 Dec 2022 | 29 | 91% | 5% | 4% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Dec 2022 | 30 | 91% | 6% | 3% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 24 Sept 2021 | 29 | 91% | 6% | 3% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 24 Sept 2021 | 30 | 92% | 5% | 3% | 4% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 30 | 89% | 6% | 5% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 15 Jul 2020 | 29 | 91% | 6% | 3% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Jul 2019 | 14 | 94% | 4% | 2% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Jul 2019 | 14 | 93% | 5% | 2% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 28 Jul 2018 | 9 | 98% | 1% | 1% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
5 / 14 / 28 days - standard length is 30 days for most suppliers
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
30
Divisional contacts within the business liaise directly with suppliers to resolve issues, with Accounts Payable being the main contact for queries regarding unpaid invoices / late payment etc.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Legal & General Assurance Society Limited is registered as a life insurance business under UK company law, with a listed activity of life insurance (SIC 65110). The company forms part of the Legal & General group's financial services operations. Evidence shows the company holds property assets as investments: it is named as the copyright holder for Middlesbrough Leisure Park, a retail and leisure site featuring cinema, dining and entertainment brands, which is managed on its behalf by a separate property management agent. This indicates the entity's role extends beyond core insurance underwriting to include ownership of commercial property assets, consistent with the investment activities typical of a life assurance provider, rather than operating leisure or retail businesses directly.
Generated from the company's website and Companies House records. Sources: middlesbroughleisurepark.co.uk