Company number: SC170062
and approved by Mr Stephen McGee
Average time taken to pay invoices: 38 days
Invoices paid:
Invoices due but not paid within agreed terms: 27%
30 days
Answer not provided
It is the Group’s policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The Group normally settles trade payables on 30 day terms, however variations to these terms do exist based on agreements with certain suppliers.
Answer not provided
N/A
30 days
No further comment provided
Aegon UK Corporate Services Limited (SC170062) is the only qualifying company under its parent Aegon UK Group PLC for which a full report has been provided. Aegon UK plc (03679296), Cofunds Limited (03965289) and Scottish Equitable plc (SC144517) are all qualifying companies but have no qualifying contracts, with all invoices paid by Aegon UK Corporate Services Limited.
The Company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would be escalated to the contract relationship manager.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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.
No
No
No