Ranked in 4 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 | 30 Jan 2026 | 21 | 86% | 10% | 4% | 43% |
| 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 Jul 2019 - 31 Dec 2019 | 17 Jan 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% |
This information is as reported by the business, and responses are in their own words.
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
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.
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
Liverpool Victoria Insurance Company Limited is a registered insurance underwriter and part of the LV= group, which trades as LV= and offers insurance, life cover, investments, pensions and retirement products. The wider group, tracing its roots to a friendly society founded in 1843, provides car, home, travel and pet insurance alongside life insurance, income protection, equity release, annuities and investment products, largely distributed through financial advisers as well as directly to consumers. This entity, incorporated in 1996 and registered in Guildford, operates within that group structure, with its business classified under non-life insurance activities. It contributes to the group's general insurance offering rather than its life and pensions arm.
Generated from the company's website and Companies House records. Sources: lv.com · lv.com