| 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 2019 - 31 Dec 2019 | 17 Jan 2020 | 0 | 0% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 0 | 0% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 0 | 0% | 0% | 0% | 0% |
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
If we dispute any item in an invoice, we aim to inform the supplier promptly of the disputed item and work with them to (1) explain why the invoice has been disputed; and (2) reach a mutually acceptable outcome. Suppliers are encouraged to contact their point of reference in the business to resolve any disputed work or invoices.
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
LV Capital Limited is a registered entity within the Liverpool Victoria (LV=) group, sharing its registered office in Bournemouth. Companies House records list its business activities under non-life insurance and head office activities, indicating a role supporting the group's financial operations rather than direct customer-facing trading. The wider LV= group, described on its own website, is a UK life and pensions mutual insurer founded in 1843, offering car, home, travel and pet insurance alongside life insurance, investments, pensions, annuities and equity release products, largely distributed through financial advisers. LV Capital Limited itself functions as part of this group's corporate structure rather than as an independent operating or consumer-facing insurance provider.
Generated from the company's website and Companies House records. Sources: lv.com · lv.com