LIVERPOOL VICTORIA GENERAL INSURANCE GROUP LIMITED
Company Information
- Company Number
- 04332926
- Registered Address
- 57 Ladymead, Guildford, Surrey, England, GU1 1DB
- Status
- Active
- Employee Count
- 3,644
- Turnover
- £414,325,000
- EBITDA
- £70,864,000
Additional Details
- Website
- https://flowinsurance.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 3 December 2001
- Nature of Business
- 64205 - Activities of financial services holding companies82990 - Other business support service activities not elsewhere classified
- 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 | 23 | 85% | 11% | 4% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 17 | 94% | 5% | 1% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 19 | 97% | 2% | 1% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 18 | 98% | 1% | 1% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 26 | 71% | 28% | 1% | 41% |
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 General Insurance Group Limited is a leading insurance provider in the United Kingdom. The company offers a wide range of insurance products and services, including car, home, travel, pet, and life insurance.
In terms of sustainability, Liverpool Victoria General Insurance Group Limited has a strong commitment to reducing its environmental impact. The company has implemented various initiatives to reduce its carbon footprint, such as using renewable energy sources, promoting recycling and waste reduction, and encouraging sustainable transportation.
The company also offers a range of sustainable insurance products, such as green car insurance, which rewards customers for choosing eco-friendly vehicles, and home insurance policies that cover the cost of repairing or replacing energy-efficient appliances.
Some key people in the company include Mark Hartigan, the CEO, and Steve Treloar, the Managing Director of General Insurance. They are committed to driving the company's growth and promoting its sustainability efforts.
For more information on Liverpool Victoria General Insurance Group Limited and its products and services, you can visit their website at www.lv.com. The company's registered office address is County Gates, Bournemouth, BH1 2NF, United Kingdom.
