LLOYDS BANK GENERAL INSURANCE LIMITED
Company Information
- Company Number
- 00204373
- Registered Address
- 25 Gresham Street, London, EC2V 7HN
- Status
- Active
- Employee Count
- 0
- Turnover
- £1,638,000
- EBITDA
- £23,559,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 9 March 1925
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2025 - 30 Jun 2025 | 30 Jul 2025 | 15 | 97% | 2% | 1% | 1% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 14 | 97% | 2% | 1% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 11 | 97% | 2% | 1% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 9 | 98% | 1% | 1% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 7 | 98% | 1% | 1% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 12 | 99% | 1% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 6 | 99% | 1% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 8 | 98% | 1% | 1% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 13 | 95% | 2% | 3% | 4% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 12 | 96% | 2% | 2% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 13 | 96% | 2% | 2% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 14 | 93% | 3% | 4% | 4% |
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
Standard payment terms are 30 days (or 45 days for construction & restoration supplier contracts) after receipt of a correct, undisputed, timely provided and properly due VAT invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoice Receipt Date We are currently only able to record the date of receipt of invoices for circa 80% of reportable invoices in this report. Where the date we receive an invoice is not available, we have reported on the date of the invoice itself, as we consider this the most justifiable alternative. Unknown payment terms For certain suppliers, our systems do not currently capture details of the payment terms in place under qualifying contracts with those suppliers. Therefore, for the purposes of reporting on our payment statistics for those qualifying contracts, we have assumed that all payments under those contracts are due within 30 days of the date of receipt of the invoice, which reflects our most commonly used contractual payment terms. Sufficient link to the UK Our payment statistics may include some payments made to non-UK entities where we have been unable to ascertain whether the contract has a sufficient link to the UK to meet the criteria for reporting. It is not Lloyds Bank General Insurance Ltd policy to differentiate supplier payment terms based on supplier jurisdiction and our payment practices for non-UK entities are representative of those followed for UK entities.
Maximum contractual payment period agreed
45
Dispute Resolution Process
Suppliers can raise queries with our Accounts Payable department by email to payment.control@lloydsbanking.com
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.
❌
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?
❌
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
LLOYDS BANK GENERAL INSURANCE LIMITED is a leading insurance company in the United Kingdom. It is a subsidiary of Lloyds Banking Group and offers a range of insurance products and services to its customers.
The company is committed to sustainability and has a dedicated sustainability program in place. This includes reducing its environmental footprint, promoting diversity and inclusion, and supporting local communities. LLOYDS BANK GENERAL INSURANCE LIMITED also works towards responsible investment and ethical business practices.
The company's products and services include home insurance, car insurance, travel insurance, and business insurance. It also offers insurance for commercial properties, farms, and high-value homes. Customers can also purchase insurance for pets and life insurance through LLOYDS BANK GENERAL INSURANCE LIMITED.
Some of the key people in the company include Antonio Lorenzo, the CEO, and Kate Brawn, the Director of Sustainability. They are responsible for driving the company's sustainability efforts and ensuring the delivery of high-quality insurance products and services.
Customers can contact LLOYDS BANK GENERAL INSURANCE LIMITED through their website, which also provides information about their products, services, and sustainability initiatives. The registered office address of the company is 25 Gresham Street, London EC2V 7HN, United Kingdom.
In conclusion, LLOYDS BANK GENERAL INSURANCE LIMITED is a reputable insurance company in the UK that not only offers a wide range of insurance products and services but also prioritizes sustainability and ethical business practices. Its commitment to sustainability, along with its dedicated team and quality products, makes it a trusted choice for insurance needs.
