Score of 88.3/100 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 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 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 UK-based company that offers a range of financial and investment services. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact.
The company's sustainability program includes measures to reduce carbon emissions, use renewable energy sources, and promote sustainable business practices. They have also set up a community investment fund to support local projects and charities.
LEGAL & GENERAL PARTNERSHIP SERVICES LIMITED offers a variety of products and services, including investment management, pension plans, life insurance, and mortgages. They also provide financial advice and guidance to help individuals and businesses achieve their financial goals.
The company is led by a team of experienced and knowledgeable individuals, including CEO Nigel Wilson and Chairman John Kingman. They are dedicated to providing high-quality services and promoting ethical and responsible business practices.
For contact information, the company's website is www.legalandgeneral.com. Their registered office address is One Coleman Street, London, EC2R 5AA, United Kingdom.
In summary, LEGAL & GENERAL PARTNERSHIP SERVICES LIMITED is a reputable and sustainable company that offers a range of financial services. Their commitment to sustainability, experienced leadership, and dedication to ethical business practices make them a trusted choice for individuals and businesses seeking financial solutions.