| Spent with suppliers | Number of suppliers 2006 | Number of suppliers 2005 |
|---|---|---|
| £1,000,000 and over | 63 | 71 |
| Between £100,000 and £1,000,000 | 281 | 243 |
| Between £10,000 and £100,000 | 763 | 713 |
| Between £1,000 and £10,000 | 1,033 | 984 |
| Less than £1,000 | 922 | 1,122 |
| Total number of suppliers | 3,062 | 3,133 |
(The above statistics relate to our UK operations only).
Legal & General purchases goods and services from over 3,000 suppliers. The purchase process ensures that Company resources are used cost-effectively and that the items supplied meet the needs of our internal operational requirements, policyholders or managed property tenants.
Suppliers make an important contribution to our business and we seek to establish mutually beneficial commercial relationships with them. We aim to achieve value for money by encouraging competition between suppliers and by offering appropriate suppliers an equal opportunity to win our business. In return we have a responsibility to treat competing suppliers in a fair and ethical manner, and to pay for goods and services according to the terms agreed.
These principles apply to all purchases of goods and services made on behalf of the UK firms within the Legal & General Group.