AVIVA PLC
Company Information
- Company Number
- 02468686
- Registered Address
- 80 Fenchurch Street, London, United Kingdom, EC3M 4AE
- Status
- Active
- Employee Count
- 26,382
- Turnover
- £18,497,000,000
- EBITDA
- £2,413,000,000
Additional Details
- Website
- https://www.aviva.com/
- Company Type
- Public limited Company
- Incorporated On
- 9 February 1990
- Nature of Business
- 70100 - Activities of head offices
- 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 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 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 17 | 94% | 4% | 2% | 5% |
| 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% |
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 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
Dispute Resolution Process
"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. "
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
AVIVA PLC is a multinational insurance company based in London, UK
The company offers a wide range of insurance and financial services, including life, health, and general insurance, as well as asset management and investment products.\n\nSustainability is a key focus for AVIVA PLC, with the company committed to reducing its carbon footprint and promoting environmental responsibility
As part of its sustainability program, AVIVA has set targets to reduce its carbon emissions and increase its use of renewable energy sources
The company also promotes sustainable practices among its employees and suppliers, and has implemented various initiatives to reduce waste and promote recycling.\n\nAVIVA offers a variety of insurance products tailored to meet the needs of its customers
These include life insurance, health insurance, home and car insurance, and travel insurance
The company also offers investment and retirement solutions, as well as financial planning services.\n\nThe key people at AVIVA PLC include CEO Maurice Tulloch, who has been with the company since 1992, and Chairman Sir Adrian Montague, who has been in his role since 2015
The company employs over 30,000 people worldwide and serves over 33 million customers.\n\nFor more information on AVIVA PLC and its products and services, you can visit their website at www.aviva.com
The company's registered office address is at St
Helen's, 1 Undershaft, London, EC3P 3DQ, United Kingdom
