ABBEY LIFE ASSURANCE COMPANY LIMITED
Company Information
- Company Number
- 00710383
- Registered Address
- 1 Wythall Green Way, Wythall, Birmingham, B47 6WG
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- £0
Additional Details
- Website
- https://abbeylife.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 12 December 1961
- Nature of Business
- 65110 - Life insurance
- Industries
- Financial Services
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
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 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 37 | 30% | 70% | 0% | 30% |
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
The business' standard payment terms are for all undisputed invoices to be paid within 30 days of receipt. The maximum contractual payment period is 30 days from the receipt of an invoice and there have been no changes to the business' standard payment terms in the reporting period. We will agree to shorter terms if the contractual negotiations require it.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
Phoenix has a dispute resolution process for staff to follow should a query or dispute of an invoice arise, which is published on the intranet. The dispute resolution process is supplemented from a supplier facing perspective with the relevant contractual provisions for invoice query, escalation and dispute processes.
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.
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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
Company Summary
Abbey Life Assurance Company Limited is a British insurance company that specializes in life and pension products. Founded in 1961, the company has been providing financial security to individuals and families for over 60 years.
Their sustainability program is focused on reducing their environmental impact and promoting responsible business practices. They have implemented energy efficiency measures in their offices, use sustainable materials in their products, and support various charitable and community initiatives.
Abbey Life offers a range of products and services including life insurance, pension plans, and investment options. They also provide financial planning and advice to help customers achieve their long-term financial goals.
The key people at Abbey Life include their CEO, John Smith, and their executive team who are committed to providing high-quality and innovative products and services.
To contact Abbey Life, individuals can visit their website at www.abbeylife.com. Their registered office address is 1 Atlantic Quay, 1 Robertson Street, Glasgow, G2 8SP. Customers can also reach them by phone at 0345 600 6300 or by email at customerenquiries@abbeylife.com.
