SAGA SERVICES LIMITED
Company Information
- Company Number
- 00732602
- Registered Address
- 3 Pancras Square, London, United Kingdom, N1C 4AG
- Status
- Active
- Employee Count
- 1,297
- Turnover
- £176,703,000
- EBITDA
- £70,348,000
Additional Details
- Website
- https://saga.co.uk/insurance
- Company Type
- Private limited Company
- Incorporated On
- 15 August 1962
- Nature of Business
- 66220 - Activities of insurance agents and brokers
- Industries
- Financial Services
- Region
- London
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 Feb 2025 - 31 Jul 2025 | 28 Aug 2025 | 31 | 56% | 42% | 2% | 46% |
| 01 Aug 2023 - 31 Jan 2024 | 29 Feb 2024 | 27 | 78% | 19% | 3% | 23% |
| 01 Feb 2023 - 31 Jul 2023 | 05 Sept 2023 | 24 | 89% | 10% | 1% | 14% |
| 01 Aug 2022 - 31 Jan 2023 | 23 Feb 2023 | 22 | 91% | 7% | 2% | 12% |
| 01 Feb 2022 - 31 Jul 2022 | 18 Aug 2022 | 20 | 89% | 10% | 1% | 13% |
| 01 Aug 2021 - 31 Jan 2022 | 28 Feb 2022 | 18 | 87% | 12% | 1% | 14% |
| 01 Feb 2021 - 31 Jul 2021 | 23 Aug 2021 | 21 | 97% | 3% | 0% | 3% |
| 01 Aug 2020 - 31 Jan 2021 | 24 Feb 2021 | 31 | 80% | 12% | 8% | 23% |
| 01 Aug 2019 - 31 Jan 2020 | 26 Feb 2020 | 18 | 83% | 15% | 2% | 20% |
| 01 Aug 2018 - 31 Jan 2019 | 27 Feb 2019 | 17 | 89% | 11% | 0% | 9% |
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
30 day standard terms on receipt of invoice. Maximum payment terms of 75 days. There have been no changes to standard terms and it would be agreed with suppliers for any changes to their payment terms.
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
75
Dispute Resolution Process
Supplier would contact Accounts Payable. It is possible that Saga Services Ltd have not received the invoice so a copy can be sent to resolve and paid as quickly as possible. If Saga Services Ltd have received the invoice but it hasn't yet been authorised, the authoriser will be contacted to understand why and potentially enter into dialogue with the supplier.
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
SAGA SERVICES LIMITED is a British company that specializes in providing a range of insurance, financial, and travel services for the over 50s market
The company was founded in 1951 and is headquartered in Folkestone, Kent.\n\nSustainability is at the core of SAGA's business practices, and the company has implemented a number of initiatives to reduce its environmental impact
This includes using renewable energy sources, reducing waste, and promoting sustainable travel options.\n\nThe company offers a variety of products and services tailored to the needs of their target market, including car, home, and travel insurance, as well as financial planning and investment services
They also offer a range of travel packages and cruises specifically designed for the over 50s demographic.\n\nThe key people at SAGA SERVICES LIMITED include Chief Executive Officer, Euan Sutherland, and Chairman, Patrick O'Sullivan
Both bring a wealth of experience and expertise to the company's operations.\n\nFor more information on SAGA's products and services, customers can visit their website at www.saga.co.uk
The company's registered office address is Enbrook Park, Sandgate, Folkestone, Kent, CT20 3SE.\n\nIn conclusion, SAGA SERVICES LIMITED is a sustainable and customer-focused company, providing a range of products and services for the over 50s market
With a strong leadership team and a commitment to sustainability, the company continues to thrive in the industry
