Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 90.8/100 qualifies for PaymentCheck Certification
| 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 2022 - 30 Jun 2022 | 20 Dec 2022 | 30 | 94% | 4% | 2% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Dec 2022 | 28 | 92% | 5% | 3% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 24 Sept 2021 | 30 | 89% | 6% | 5% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 24 Sept 2021 | 30 | 91% | 5% | 4% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 29 | 89% | 6% | 5% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 15 Jul 2020 | 30 | 84% | 9% | 7% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Jul 2019 | 18 | 89% | 7% | 4% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Jul 2019 | 18 | 92% | 4% | 4% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 28 Jul 2018 | 15 | 94% | 3% | 3% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
5 / 14 / 28 days - standard length is 30 days for most suppliers
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
n/a
Maximum contractual payment period agreed
30
Divisional contacts within the business liaise directly with suppliers to resolve issues, with Accounts Payable being the main contact for queries regarding unpaid invoices / late payment etc.
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
Legal & General Partnership Services Limited is a registered entity within the Legal & General Group, a UK financial services group founded in 1836. The wider group provides life insurance, pensions, retirement products, investments and workplace savings, and describes itself as a major global investor. Companies House records classify this entity's activity as financial intermediation not elsewhere classified, with associated tags covering human resources, legal services and wealth and investment management. No separate description of this specific subsidiary's own trading activity is available; the evidence provided relates to the Legal & General Group's consumer-facing financial services business, of which this company forms part.
Generated from the company's website and Companies House records. Sources: legalandgeneral.com · legalandgeneral.com