LAND SECURITIES PROPERTIES LIMITED
Company number: 00961477
1 October 2019
to 31 March 2020
This report was filed on 28 April 2020
and approved by Tim Ashby
Average time taken to pay invoices: 17 days
- within 30 days: 87%
- in 31 to 60 days: 9%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 5 %
Standard payment period for qualifying contracts
Standard payment terms
Invoices for Goods and/or Services supplied in accordance with the Contract shall be paid no later than 30 days after receipt by the Buyer of a proper invoice or, if later, 30 days after acceptance of the Goods or Services in question by the Buyer or, as may otherwise be agreed in writing between the Buyer and the Seller from time to time.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
We aim to resolve any disagreements in a constructive manner. Any disagreements should be flagged with your usual contact at Landsec and escalated through their line manager. However if you should have a complaint please contact, in writing:
Group General Counsel and Company Secretary
Land Securities Group PLC
100 Victoria Street
London SW1E 5JL
We aim to:
• acknowledge complaints within 5 working days of receipt.
• respond to complaints within 20 working days of initial receipt.
In exceptional circumstances we may require additional time to investigate the complaint. If this is necessary, we will advise you within the initial 20 day period. We will endeavour to respond to your complaint within 30 working days of its initial receipt.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes – PPC, CSCPC
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?