Industry ranking
Score of 98.35/100 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 Jul 2025 - 31 Dec 2025 | 02 Feb 2026 | 14 | 97% | 3% | 0% | 0% |
| 01 Jan 2025 - 30 Jun 2025 | 05 Aug 2025 | 15 | 95% | 4% | 1% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 14 | 96% | 3% | 1% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 15 | 96% | 3% | 1% | 1% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 16 | 95% | 4% | 1% | 1% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 15 | 95% | 4% | 1% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 16 | 95% | 4% | 1% | 2% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 16 | 96% | 3% | 1% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 17 | 94% | 4% | 2% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 17 | 95% | 4% | 1% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 18 | 92% | 6% | 2% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 21 Jan 2019 | 20 | 89% | 8% | 3% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 20 | 89% | 9% | 2% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard contractual payment terms for supplier is 28 days however this varies for each supplier dependent on the nature of the business. The payment terms for Indirect side of the business (Purchase to pay) is 28 days as standard. For direct business (payments to Motor, Legal and Property), the payment terms ranges from immediate, 7 days, 14 days and 30 days. This is clearly articulated in the contract and negotiated prior to business.
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
45
Aviva has a dedicated team for payment queries to provide support to suppliers and reduce disputes. Any dispute or difference between the parties arising out of this Agreement which cannot be settled amicably will in the first instance be referred to the parties' senior management representatives. If such representatives fail to each agreement, then the parties will attempt in good faith to settle the dispute by mediation in accordance with the Centre for Disputes Resolution (CEDR) Model Mediation Procedure. If the dispute has not been resolved by mediation within 30 days of the initiation of such procedure, or if either party refuses to participate in the mediation procedure, the other party may refer the dispute to the courts of England. The Supplier reserves the right to charge interest on overdue amounts at 2% per annum over the Base Rate of the Bank of England for the time being in force ("Late Payment Interest"), if such amounts remain outstanding 30 days after the supplier has given notice that Aviva has failed to make payment within the timescale set out.
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
Aviva plc is the ultimate holding company of the Aviva group, a UK-based insurer with major operations in Ireland and Canada. Group businesses provide insurance, wealth management and retirement products, including general insurance, protection, annuities and equity release, along with investment management through Aviva Investors. As registered at Companies House, the entity's own activity is classified as that of a head office, coordinating and reporting on the group's insurance, wealth and asset management operations. The wider group serves over 25 million customers across its markets, generates revenue through premiums and investment flows, and reports financial results such as operating profit and dividends at the plc level. The group also sponsors venues including Aviva Studios and Aviva Stadium.
Generated from the company's website and Companies House records. Sources: aviva.com · aviva.com