| 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 Oct 2025 - 31 Mar 2026 | 30 Apr 2026 | 21 | 89% | 8% | 3% | 17% |
| 01 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 39 | 68% | 16% | 16% | 32% |
| 01 Oct 2024 - 31 Mar 2025 | 01 Feb 2026 | 39 | 62% | 28% | 10% | 46% |
| 01 Apr 2024 - 30 Sept 2024 | 01 Feb 2026 | 29 | 76% | 17% | 7% | 34% |
| 01 Oct 2023 - 31 Mar 2024 | 01 Feb 2026 | 31 | 77% | 15% | 8% | 32% |
| 01 Apr 2023 - 30 Sept 2023 | 01 Feb 2026 | 26 | 84% | 10% | 6% | 25% |
| 01 Oct 2022 - 31 Mar 2023 | 25 Apr 2023 | 27 | 82% | 13% | 5% | 1% |
| 01 Apr 2022 - 30 Sept 2022 | 26 Oct 2022 | 22 | 89% | 9% | 2% | 11% |
| 01 Oct 2021 - 31 Mar 2022 | 22 Apr 2022 | 20 | 91% | 7% | 2% | 9% |
| 01 Apr 2021 - 30 Sept 2021 | 21 Oct 2021 | 20 | 93% | 6% | 1% | 7% |
| 01 Oct 2020 - 31 Mar 2021 | 23 Apr 2021 | 20 | 79% | 11% | 10% | 7% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 17 | 87% | 9% | 4% | 5% |
| 01 Apr 2019 - 30 Sept 2019 | 25 Oct 2019 | 18 | 82% | 11% | 7% | 7% |
| 01 Oct 2018 - 31 Mar 2019 | 24 Apr 2019 | 19 | 77% | 10% | 13% | 7% |
| 01 Apr 2018 - 30 Sept 2018 | 16 Oct 2018 | 19 | 79% | 11% | 10% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices for Goods and/or Services provided under the Contract shall be payable by the Buyer within 30 days of receiving a valid invoice, or if later, within 30 days of the Buyer’s acceptance of the relevant Goods or Services. Alternative payment terms may be agreed in writing between the Buyer and the Seller from time to time.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
In early 2025 we issued communications to our suppliers that we had experienced some teething issues around our PO and payment processes, following the implementation of a new finance system, and that this had resulted in a delay in payments to some of our suppliers. This has impacted our supplier payment practices data for this period. We have now returned to a more BAU stable environment, with system enhancements in the pipeline, as we are committed to further improve our payment statistics.
Maximum contractual payment period agreed
30
We are committed to resolving any disagreements in a constructive and respectful manner. If you encounter an issue, please raise it with your usual Landsec contact, who will escalate it through their line manager as appropriate. Should you wish to submit a formal complaint, please do so in writing to: Alex Peeke Head of Legal & Property Records Land Securities Group PLC 100 Victoria Street London SW1E 5JL Our complaint handling process is as follows: - We aim to acknowledge receipt of your complaint within 5 working days. - A full response will be provided within 20 working days of initial receipt. - In exceptional cases where further investigation is required, we will inform you within the 20-day period and aim to respond within 30 working days of receipt.
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?
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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
Land Securities Properties Limited is a UK-based real estate investment trust that focuses on developing, owning, and managing commercial properties. The company was founded in 1944 and is currently headquartered in London.
Sustainability is a key aspect of Land Securities' operations and the company has implemented various initiatives to reduce its environmental impact. This includes energy-efficient designs for their properties, reducing carbon emissions, and promoting sustainable transport options for tenants.
The company's main products and services include office buildings, retail spaces, and leisure centers. They also offer property management and development services to their clients.
Key people at Land Securities include CEO Mark Allan, who joined the company in 2020, and Chairman Cressida Hogg. The company has a dedicated sustainability team led by Caroline Hill, the Head of Sustainability.
Land Securities can be contacted through their website at www.landsec.com, where you can find information on their portfolio, sustainability efforts, and career opportunities. The registered office address is 100 Victoria Street, London, SW1E 5JL.
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