Industry ranking
Score of 90.1/100 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 | 92% | 5% | 3% | 4% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Dec 2022 | 30 | 90% | 6% | 4% | 4% |
| 01 Jan 2021 - 30 Jun 2021 | 24 Sept 2021 | 30 | 90% | 5% | 5% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 24 Sept 2021 | 30 | 89% | 7% | 4% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 29 | 86% | 8% | 6% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 15 Jul 2020 | 28 | 87% | 6% | 7% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Jul 2019 | 26 | 84% | 8% | 8% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Jul 2019 | 26 | 80% | 13% | 7% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 28 Jul 2018 | 21 | 81% | 14% | 5% | 4% |
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?
❌
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 (Unit Trust Managers) Limited is a company registered in England and Wales, authorised and regulated by the Financial Conduct Authority, with its registered office at One Coleman Street, London. Companies House SIC codes describe its business as the activities of unit trusts and open-ended investment companies. It operates as part of Legal & General's wider asset management business, alongside related entities such as Legal & General Investment Management and Legal & General Property Limited. The broader Legal & General asset management group describes itself as a major global investor across public and private markets. This entity's own role is confined to the operation and management of unit trust and OEIC fund structures within that group.
Generated from the company's website and Companies House records. Sources: lgim.com · lgim.com