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Their own payment-practices filing · gov.uk

Equitable Life Assurance Society,(THE) paid suppliers in 7 days on average — right on its stated terms

CRN 00037038 · Financial services · 3 statutory reports on record · period to 30 Jun 2019

Dated record. The latest report covers a period ending 30 Jun 2019 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
7daysavg time to pay · H1 2019

Their H1 2019 filing put the average right on the 7-day term they state.

Their stated terms
7–30 days
Paid outside agreed terms
2% of invoices
Paid after 61+ days
1%
Reporting period
1 Jan 2019 – 30 Jun 2019
Source
their gov.uk filing, filed 26 Jul 2019

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2019 filing

Paid right on the 7-day term they state

The pattern · last 3 of 3 reports

Held steady around 7 days

The read · computed from their figures

Equitable Life Assurance Society,(THE)'s H1 2019 filing put their average at 7 days against stated terms of 7–30 days; 2% of invoices were paid outside agreed terms and 1% took 61 days or longer. Filed 26 Jul 2019.

The pattern is steady — their reported average moves within about ±0 days period to period.

That is 3 statutory periods on record (earliest H1 2018) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

We pay within the terms agreed with the individual suppliers according to the qualifying contracts.

Dispute resolution

Any complaint or concern will be dealt with by the Finance Operations Team, who would liaise with the relevant department and supplier to resolve any issues as soon as possible. This is the most likely reason for any invoice ever being paid outside of agreed terms.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 201972%1%26 Jul 2019
H2 201871%0%23 Jan 2019
H1 201870%0%27 Jul 2018

On the public register · Companies House

Company record

Status
Active
Type
Private Unlimited
Incorporated
18 Aug 1892
Registered office
THE EQUITABLE LIFE ASSURANCE SOCIETY, AYLESBURY, HP21 7QW
0 outstanding charges on the register

Open the full record at Companies House.

Quick answers · Equitable Life Assurance Society,(THE)

Are they getting slower or faster?
Their reported average was steady — within about ±0 days period to period, around 7 days.
What's their typical pay point?
Their latest reports averaged around day 7, moving within about ±0 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00037038 · latest period to 30 Jun 2019

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