The data for Standard Life Assurance Limited shows that the average time taken to pay invoices has decreased steadily over the past three periods, with a significant drop between 2021-01-01 and 2021-07-01. The percentage of invoices paid within 30 days has also increased, while the percentage of invoices paid later than 60 days has decreased. This suggests that the company has improved its payment process and is paying its suppliers more promptly.
The data for Standard Life Assurance Limited shows a relatively stable pattern, with no major fluctuations in the average time to pay invoices or the percentage of invoices paid within different time periods.
For the three periods analysed, Standard Life Assurance Limited has shown a steady improvement in its payment process, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. The company has also reduced the percentage of invoices paid later than 60 days, indicating a commitment to paying suppliers on time.
| 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 2023 - 31 Dec 2023 | 05 Feb 2024 | |||||
| 01 Jan 2023 - 26 Jul 2023 | 27 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 25 Feb 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 |
STANDARD LIFE ASSURANCE LIMITED is an active private limited company, incorporated on 30 June 2005, based in the Scotland region. Registered business activity: Life insurance.
From Companies House records.