LIVERPOOL VICTORIA INSURANCE COMPANY LIMITED
Company Information
- Company Number
- 03232514
- Registered Address
- 57 Ladymead, Guildford, Surrey, England, GU1 1DB
- Status
- Active
- Employee Count
- 0
- Turnover
- £742,800,000
- EBITDA
- -£74,700,000
Additional Details
- Website
- https://lv.com
- Company Type
- Private limited Company
- Incorporated On
- 26 July 1996
- Nature of Business
- 65120 - Non-life insurance
- Industries
- Financial Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 31 Jul 2025 | 54 | 36% | 22% | 42% | 71% |
| 01 Jul 2024 - 31 Dec 2024 | 22 Jan 2025 | 34 | 68% | 28% | 4% | 35% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 30 | 88% | 7% | 5% | 16% |
| 01 Jul 2023 - 31 Dec 2023 | 19 Mar 2024 | 32 | 86% | 6% | 9% | 20% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 26 | 90% | 6% | 4% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 23 | 89% | 8% | 3% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 5 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 0 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 0 | 100% | 0% | 0% | 29% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 1 | 100% | 0% | 0% | 30% |
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
Our standard terms confirm the supplier will be paid within 30 days of receipt of a valid undisputed invoice, unless otherwise agreed and stated in the order.
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
60
Dispute Resolution Process
Where The Company has a reasonable dispute regarding an invoice received from Supplier, The Company will promptly notify the Supplier of that dispute. Allianz will pay the undisputed element of the invoice in accordance with normal payment agreement and both Parties will use reasonable endeavours to resolve the dispute regarding the balance of the invoice as quickly as reasonably possible. If any sum due to the Supplier remains unpaid thirty (30) days after payment was due by The Company, the Supplier may charge interest (both before and after any judgment) on the amount unpaid at the rate of 2 per cent per annum above the base rate of Lloyds from time to time until payment is made in full, calculated on a daily basis. The Supplier’s right to charge interest shall not apply where there is a reasonable dispute in accordance with the Dispute Resolution Process as to whether the invoice is properly payable.
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
Liverpool Victoria Insurance Company Limited, also known as LV=, is a British insurance company that provides a wide range of insurance products and services. The company was founded in 1843 and is headquartered in Bournemouth, England.
The company offers various insurance products such as car, home, pet, travel, life, and retirement insurance. They also provide investment services, with a focus on sustainable and responsible investing. LV= is committed to promoting sustainability and has implemented various initiatives to reduce their environmental impact, including using renewable energy sources and reducing their carbon footprint.
LV= has a strong focus on customer satisfaction and has won numerous awards for their excellent customer service. They also have a dedicated team of experts who provide financial advice and support to their customers.
The key people at LV= include the CEO, Mark Hartigan, and the Chairman, Alan Cook. The company has over 6,000 employees and serves over 5 million customers across the UK.
For any inquiries or to purchase insurance products, customers can visit the LV= website or contact their customer service team. The registered office address for LV= is County Gates, Bournemouth, BH1 2NF, UK.
In conclusion, Liverpool Victoria Insurance Company Limited is a reputable and sustainable insurance company that offers a wide range of products and services to its customers. With a strong focus on customer satisfaction and sustainability, LV= continues to be a trusted choice for insurance needs in the UK.
