The trend for LIBERTY MANAGING AGENCY LIMITED's average time to pay invoices has remained consistent at 26 days for the past two reporting periods. However, there is no data available for the most recent four periods.
The company's volatility in terms of timely payment has also remained stable, with 84% of invoices being paid within 30 days and only 7% being paid later than 60 days in both reporting periods.
In the past two reporting periods of Jan 2018 - Jun 2018 and Jul 2018 - Dec 2018, LIBERTY MANAGING AGENCY LIMITED had an average time to pay of 26 days, with 84% of invoices being paid within 30 days and only 7% being paid later than 60 days. The company's payment period remains consistent at 30 days.
| 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 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 26 | 84% | 9% | 7% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Aug 2018 | 26 | 84% | 9% | 7% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment upon receipt
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
30
In the event an invoice may not be settled in a timely manner or have an issue/dispute, suppliers can email the accounts payable department at LSM_AccountsPayable@LibertyGlobalGroup.com where this inbox is managed throughout the day and will respond within 24 hours.
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
Liberty Managing Agency Limited is a leading insurance provider based in London, England. The company offers a wide range of insurance products and services, including property, casualty, marine, and specialty lines. They are committed to sustainable practices and have a strong sustainability program in place.
The company's sustainability program focuses on reducing their environmental impact through various initiatives such as reducing paper usage and implementing energy-efficient measures. They also support community projects and charities to give back to society.
Liberty Managing Agency Limited has a team of experienced and knowledgeable professionals who are dedicated to providing excellent service to their clients. The key people in the company include the CEO, CFO, and COO, who have a wealth of experience in the insurance industry.
The company's products and services are tailored to meet the specific needs of their clients, and they pride themselves on their customer-centric approach. They have a strong reputation for providing reliable and efficient insurance solutions to businesses and individuals.
For more information on Liberty Managing Agency Limited and their services, you can visit their website at www.libertyagency.co.uk. Their registered office address is 20 Fenchurch Street, London, EC3M 3AW, United Kingdom. Overall, Liberty Managing Agency Limited is a reputable and sustainable insurance provider with a strong commitment to serving their clients and the community.